Australian dollar drops on dismal Q2 CPI figures

Australian dollar drops on dismal Q2 CPI figures

On Wednesday, the Australian dollar dived in Asia as consumer prices for the second quarter ruined hopes, with the Federal Reserve expected to unveil its views on rates soon to set the overall tone.

As Australia posted, CPI figures rallied 0.2%, which is below with a 0.5% revenue observed for the second quarter, with a 1.9% annual pace versus the expected 2.2%.

The currency pair AUD/USD sank 0.38% to $79/06, USD/JPY showed 111.87, decreasing 0.02%.

Estimating the American currency’s value versus a basket of six major rivals, the U.S. dollar index stood still at 93.92.

Overnight, the greenback didn’t change versus a basket of crucial currencies. It’s because the Fed’s two-day rate policy gathering overshadowed economic reports demonstrating an improvement in consumer optimism regarding the strength of the American economy.

In New Zealand, June’s trade balance extended to a deficit of up to NZ$3.66 billion, versus NZ$3.7 billion observed on year. 

The currency pair NZD/USD was worth 0.7421, jumping 0.05%.

Similar

Yuan goes up

On Tuesday, the major Chinese currency managed to head north versus the evergreen buck after a report that American Treasury Secretary Steven Mnuchin had proceeded with negotiations with China Vice Premier Liu He…

Latest news

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera