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AUD/USD Moves Down, CPI Eases

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AUD/USD is trading at 0.7470, down 0.0043.

The pair is trading choppy and just above the session lows after showing gains early in the session.

Market chatter about Australian economic data has kept both buyers and sellers active.

The Australian Bureau of Statistics reported that year over year consumer prices (CPI) rose 1.0 percent versus a rise of 1.3 percent in the previous quarter. It was the lowest inflation rate since the second quarter of 1999. On the quarter CPI increased 0.4 percent during the second quarter versus a decline of 0.2 percent in the first quarter. The Reserve Bank of Australia (RBA) Trimmed Mean CPI rose 1.7 percent year over year in the second quarter, the same as the first quarter. Quarter over quarter, the Trimmed Mean CPI increased 0.5 percent, up from 0.2 percent in the first quarter.

Posted-In: AUD/USD Australian dollarFutures Forex Markets

 

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