AUD/USD down to 0.9320 after Weaker CPI

Australia’s consumer price index (CPI) rose 2.9 percent in the first quarter from the year-ago period, data showed on Wednesday, lower than the 3.2 percent a Reuters poll had forecast.

The CPI rose 0.8 percent on a month-on-month basis, compared to a Reuters forecast for a 0.6 percent rise.

The Australian dollar swiftly fell 0.4 percent against the dollar following the weaker-than-expected inflation data, as the figures lower the prospect of a potential rate hike by the Reserve Bank of Australia.


This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.