A slow down? After three days of going up, Aussie-Dollar is flat today, hovering around 0.711.

Published: January 26 2023, 00:56 GMT+0

A slow down? After three days of going up, Aussie-Dollar is flat today, hovering around 0.711.

AUD/USD is down to 0.711, after ending yesterday at 0.711. Overall, a 0.01% loss or 1 pips today.

On the flip side, positive data for the Australian dollar released earlier when following a previous reading of 8.41 million, Crude Oil Inventories in United States released yesterday at 15:30 UTC fell short of the 971,000 figure expected by analysts with an actual reading of 533,000.

Amid the market gloom, Australia Consumer Price Index released yesterday at 00:30 UTC with a figure of 1.9, while the previous figure was 1.8. Australia Trimmed Mean CPI (QoQ) (Q4) came out at 1.7, while a consensus of analysts was expecting 1.5.

In the meantime, negative performances are seen in other pairs, EUR/JPY slips 0.25% to trade around 141. After ending yesterday's session at 129.51, USD/JPY lost 34 pips and is trading around 129.16. GBP/JPY is down 31 pips from the beginning of the session and now trades around 160.29.

Furthermore, tomorrow at 00:30 UTC data for Australia Producer Price Index will be released, with an expected decline to 1.7 from the preceding figure of 1.9. Australia Producer Price Index is expected tomorrow at 00:30 UTC. Australia CFTC AUD speculative net positions is expected tomorrow at 20:30 UTC.

The currency pair has been trending positively for about a month. The Australian dollar has managed to gain 4.53% so far this year despite trading at lows around 0.6213 previously.

Back