By Rob Howard — Apr 26 - 04:50 AM
AUD/USD falls to 0.6602 on softer than expected Australian inflation data
Trimmed mean measure 6.6% vs 6.7% f/c. 0.6602 is lowest level since March 15
Below-forecast CPI is blow for hawks advocating RBA rate rise next week
Probability of 25 bps RBA hike on May 2 down to 9% (from 20%) 0#RBAWATCH
0.6639 was AUD/USD high in Asia (ahead of the Australian inflation data)
0.6590 (March 15 low) and 0.6565 (March low) are support levels below 0.6600
Source:
Refinitiv IFR Research/Market Commentary