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Apr 26 - 11:55 PM

AUD/USD - Pops Higher On Hotter Than Expected Aus CPI

By John Noonan  —  Apr 26 - 09:40 PM
  • AUD/USD jumped from 0.7147 to 0.7171 after hotter than expected Aus CPI nAZN02FA3W

  • Trimmed mean CPI for Q1 came in at +1.4% versus expectations of a 1.2% rise

  • Resistance is @ former support @ 0.7230/35 with yesterday's high @ 0.72228

  • The impact of the hotter CPI will cement expectations of a RBA hike in June

  • Move higher in AUD/USD may not be sustained, as RBA expectations were already hawkish

  • China growth expectations and moves in key commodities still the main driver

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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