Australia CPI Data May Lift AUD If Inflation Tops 4%
The Australian June CPI print on Wednesday at 01:30 GMT is expected at 4% y/y, with the monthly figure seen at 0.2%. A higher reading could support the Australian dollar.
AUDUSD
The Australian Bureau of Statistics will publish the June Consumer Price Index on Wednesday at 01:30 GMT. The report is expected to show that inflation rose 4% from a year earlier, matching the May reading. The monthly CPI is foreseen at 0.2% following the -0.7% print from the prior month.
A higher-than-expected annual figure above 4% could provide a lift to the Australian dollar, as it would signal persistent price pressures.
Source: FXStreet Forex News