Published: 2024-04-24T04:38:54.000Z
AUD/USD flows: Hotter CPI brings AUD higher
FX Analyst
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Australian Q1 CPI +1.0% q/q (expected 0.8%), 3.6% y/y (expected 3.4%)
The latest Australian Q1 CPI came in hotter than expected with q/q at +1.0%, above expectation of 0.8% and y/y at +3.6%, also above expectation of 3.4%. However, the data still signals a continue moderation of CPI as y/y dropped to 3.6% from 4.1% and should not be read as a turn for RBA's rate path.
With regional sentiment being strong and global major equity indexes in the green, AUD/USD is trading 0.46% higher at 0.6517.