Aussie goes down on weaker-than-expected Q3 CPI

Aussie goes down on weaker-than-expected Q3 CPI

On Wednesday, the Australian dollar tumbled in Asia because consumer prices data came in weaker than anticipated and also put doubt into rate lift forecasts for 2018.

The currency pair AUD/USD hit 0.7730, sliding 0.59%, USD/JPY got to 113.88, decreasing 0.03%. As for GBP/USD, this currency pair reached 1.3135, decreasing 0.01%.

Australia posted CPI figures for the third quarter with a 0.6% leapt on quarter, which is below the 0.8% ascend expected as well as 1.8% soar on year. That’s below the 2.0% tempo observed.

Tracking the greenback’s value against a trade-weighted basket of six rivals, the US dollar index added just 0.01% sticking to 93.84.

Overnight, the US currency grew versus a basket of main currencies, underpinned by a pair of economic reports, which topped expectations raising investor optimism on the outlook for the American economy.

Investor optimism inched up o the outlook for a solid quarter of American economic surge after data disclosed manufacturing and services activity added more-than-expected this month.

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