The Australian Dollar appreciated against the US Dollar, following the Australian CPI data release on Wednesday at 01:30 GMT. The AUD/USD exchange currency rate gained 14 pips or 0.21% right after the release. The Aussie continued trading at the 0.6885 level against the Greenback.
The Australian Bureau of Statistics released the Australian CPI data, which came out in line with the expectations of 0.6%.
ABS Chief Economist, Bruce Hockman said: "Automotive fuel prices rose 10.2 per cent in the June quarter 2019. This rise had a significant impact on the CPI, contributing half of the 0.6 per cent rise this quarter. Automotive fuel prices returned to levels recorded in late 2018 after falling 8.7 per cent in the March quarter 2019."
| Date | 25.07.18 | 31.10.18 | 30.01.19 | 24.04.19 | 31.07.19 |
|---|---|---|---|---|---|
| Actual | 0.4% | 0.4% | 0.5% | 0.0% | 0.6% |
| Forecast | 0.5% | 0.5% | 0.4% | 0.2% | 0.5% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/JPY | 74.502 | 74.675 | 0.23% |
| AUD/USD | 0.68642 | 0.68778 | 0.20% |
| EUR/AUD | 1.62486 | 1.62171 | -0.19% |
| GBP/AUD | 1.77146 | 1.76804 | -0.19% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/JPY | 70.3% | 29.7% |
| AUD/USD | 74.5% | 25.5% |
| EUR/AUD | 25.5% | 74.5% |
| GBP/AUD | 71.4% | 28.6% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 11:00 | GBP | Monetary Policy Summary | - | - |
| 11:00 | GBP | Official Bank Rate | 0.75% | 0.75% |
| 14:00 | USD | ISM Manufacturing PMI | 52.0 | 51.7 |