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Mar 26 - 09:55 PM

AUD/USD - Slips Lower After Feb CPI Softer Than Expected

By John Noonan  —  Mar 26 - 08:40 PM
  • AUD/USD has eased from 0.6531 to 0.6520 after Feb CPI nAZN1MMEJ5

  • It came in at +3.4% Y/Y vs expectations of +3.5%

  • There was speculation it would be even higher due to a higher petrol prices

  • The RBA would be relieved the inflation number was in line with expectations

  • Support is at a trend line at 0.6512 with bids around 0.6500

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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