AUD/USD Post RBA Print

The Aussie takes the bids to 0.6520 post print-- the seven-week high-- after Australia’s Q2 2020 inflation figures pleased Aussie buyers during the early Wednesday. Also contributing to the pair’s strength could be general weakness by the U.S. dollar, as it trades (DXY) around 100 and has not given clear conviction this week yet . Data concerning Australia’s first quarter (Q1) 2020 inflation figures suggest the headline Consumer Price Index (CPI) tops 2.0% forecasts with 2.2% mark on YoY while QoQ figures also cross 0.2% estimation with 0.3%. Further, the RBA’s Trimmed Mean CPI also rose above 1.6% and 0.4% forecasts to 1.8% and 0.5% YoY and QoQ respectively.

Source, insiders.

02:23:46 (UTC)
Wed Apr 29, 2020