Will the AUD Outperform on Inflation Rate Release?

Will the AUD Outperform on Inflation Rate Release?

What will happen?

Australia will publish its Inflation Rate on January 25, at 02:30 MT time. This is a significant release that shows the quarter over quarter change in the price of goods and services. It comes out together with the trimmed mean CPI that is calculated as the headline indicator minus the most volatile 30% assets.

Why is it important?

Given current uncertainties around rising prices worldwide, the release of CPI grabs a lot of attention. Based on the change in inflation figures, central banks make their decisions regarding monetary policy. If the inflation goes above its target, regulators tend to turn hawkish. As a result, the currency strengthens as well.

Last time, the Australian dollar outperformed on the higher-than expected trimmed mean CPI. While the headline indicator came out in line with the forecast of 0.8%, the core level jumped by 0.7% (vs. the forecast of 0.5%).

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How to trade on the Australian Inflation Rate?

It’s easy! Just compare the actual data with the forecasts which appear a few days before the report in the economic calendar.

  • If the figures are higher than the forecasts, the AUD will rise.
  • Otherwise – fall.

Check the economic calendar

Instruments to trade: AUD/USD, AUD/JPY, AUD/NZD

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S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.

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