When is Australia inflation data and how could it affect AUD/USD? – by anilpanchal7 AUDUSD Inflation Australia Events RiskAversion
r the AUD/USD pair traders to watch. The reason could be linked to the Reserve Bank of Australia’s recent hesitance in defending the hawkish monetary policy, not to forget the downbeat Aussie Retail Sales and upbeat employment figures.
Alternatively, a positive surprise may join the risk-on mood and broader USD weakness to underpin the bullish bias surrounding the AUD/USD pair. The quarterly Consumer Price Index published by the Australian Bureau of Statistics has a significant impact on the market and the AUD valuation. The gauge is closely watched by the Reserve Bank of Australia , in order to achieve its inflation mandate, which has major monetary policy implications. Rising consumer prices tend to be AUD bullish, as the RBA could hike interest rates to maintain its inflation target. The data is released nearly 25 days after the quarter ends.
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