The headline beat saw the Aussie Dollar initially shoot skyward, but gains were short lived as price fell back down through London and New York. This was because the core inflation number was subdued, coming in at 1.3% v the 1.4% expected. This is the figure that the RBA keeps a close eye on when making monetary policy decisions and the sober reading is the one that everyone is now talking about and putting pressure on the Aussie. Check out yesterday’s AUD/USD charts and the way that price is still reacting around the daily trend line resistance level that we were talking about. The CPI beat gave price the instant ... (full story)