AUD/USD Trading Lower, Australian CPI Little Changed

AUD/USD is trading at 0.7544, Down 0.0046. The Australian Bureau of Statistics reported that year over year consumer prices (CPI) in Australia rose 1.5 percent in the fourth quarter versus a rise of 1.3 percent in the previous quarter. On the quarter, the rise in Australian CPI eased to a 0.5 percent rise versus a 0.7 percent rise in the third quarter. The Reserve Bank of Australia (RBA) Trimmed Mean CPI rose 1.6 percent year over year in the fourth quarter versus a 1.7 percent rise in the third quarter. Quarter over quarter, the Trimmed Mean CPI increased 0.4 percent, flat versus a 0.4 percent rise in the third quarter.