AU CPI m/m

The Australian dollar was the weakest major currency as risk aversion swept through markets and the US dollar climbed to a fresh 14-month high. With Australian CPI, employment and household spending data due, traders are reassessing the RBA outlook while AUD/USD hovers just above a key support zone near 69 cents. The Australian dollar was the weakest FX major, caught between a tech-driven selloff and a surging US dollar. Technology stocks came under pressure during Asian trade on Tuesday, with KOSPI futures down 10% amid apparent ...

Australian consumer prices increased by less than expected in April thanks to a government tax cut on fuel, data showed on Wednesday, while core inflation ticked up as higher oil prices fed through to the broader economy. Data from the Australian Bureau of Statistics showed its monthly consumer price index (CPI) rose 0.4% in April, from the previous month, while the annual pace slowed to 4.2%, from 4.6%. Median forecasts had ​been for a rise of 0.6% in the month and an annual pace of 4.4%. The trimmed mean measure of core inflation ...

Wednesday's Australian inflation report and the Reserve Bank of New Zealand (RBNZ) policy decision have the potential to generate sharp short-term volatility across AUD/USD and NZD/USD, especially given how sensitive markets remain to anything that may alter the rates outlook on either side of the Tasman. While both events are important for near-term price action, traders should also be mindful of the broader macro backdrop currently driving FX markets, especially given the elevated volatility seen across energy markets and the ...

The highlight in the Australian economic docket this week is the April Consumer Price Index (CPI) figures, which are expected to be released by the Australian Bureau of Statistics (ABS) on Wednesday at 01:30 GMT. Consumer inflation is forecast to slow down to a 4.4% year-on-year (YoY) rate, down from 4.6% in March, yet still at its highest levels since 2023, and well above the Reserve Bank of Australia’s (RBA) 2% to 3% target for price stability. The Australian government’s decision to halve fuel excise in April might have ...

Traders continue to navigate a messy market, with earnings and economic data sparking fresh volatility on a regular basis, leaving markets with plenty to work through. In the coming week, the latest US PCE price index reading could provide a warning sign, given expectations of another hot reading. Iran will undoubtedly remain a potential source of volatility, with the constantly shifting narrative continuing to drive markets on a daily basis. Are we approaching a final agreement? Finally, with the latest RBNZ rate decision and ...

Australian inflation accelerated sharply in March as the early impact of the Iran war flowed through via higher energy prices, but the overall result was not as severe as feared and underlying measures did not materially worsen. That helped trim expectations for the scale of further RBA tightening, although markets still see a high chance of a hike next week with another two moves largely priced by year-end. For AUD/USD, the inflation report triggered only a brief dip, suggesting rate expectations are not the main driver right now. ...