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AUD/USD: Trading the Australian CPI

From forexcrunch.com

Australian CPI (Consumer Price Index), which is released each quarter, measures the change in the price of goods and services charged to consumers. A reading which is higher than the market forecast is bullish for the Australian dollar. Here are all the details, and 5 possible outcomes for AUD/USD. Published on Wednesday at 00:30 GMT. Indicator Background Analysts consider CPI one of the most important economic indicators, and an unexpected reading from Australian CPI can quickly affect the direction of AUD/USD. CPI improved to 0.4% in the second quarter, matching the forecast. The upswing is expected to continue in ... (full story)

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