AUD/USD makes a comeback, approaching the 0.6600 level amid improved market sentiment. Investors are eagerly awaiting the US core PCE data to gain fresh insights into potential shifts in interest rates. Anticipations suggest a softening of Australian inflation to 4.3% in the final quarter of 2023. During the late London session, the AUD/USD pair sees a resurgence, edging close to the significant round-level resistance of 0.6600. The Australian Dollar gains ground as investors favor risk-associated currencies, particularly in anticipation of the release of the United States Core Personal Consumption Expenditure (PCE) Price Index data for December at 13:30 GMT.

S&P500 futures manage to recover a substantial portion of the losses incurred during the Asian session, reflecting a notable revival in investor risk appetite. Meanwhile, the US Dollar Index (DXY) retreats to approximately 103.38, struggling to surpass the monthly high of 103.82. Concurrently, 10-year US Treasury yields experience a decline, approaching around 4.11%.