A slow down? After three days of going up, Aussie-Dollar is flat today, hovering around 0.7112.

Published: January 26 2023, 03:30 GMT+0

A slow down? After three days of going up, Aussie-Dollar is flat today, hovering around 0.7112.

After dipping down to 0.7094, AUD/USD regains earlier losses and goes up to 0.7112.

This move comes while some more positive signs for Aussie-Dollar are out as highly important Crude Oil Inventories data from United States beat analyst expectations of 971,000 with a reading of 533,000.

Meanwhile, 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.

Meanwhile, EUR/JPY descends 0.15% to trade around 141.14. GBP/JPY is down 28 pips from the beginning of the session and now trades around 160.31. After ending yesterday's session at 129.51, USD/JPY lost 19 pips and is trading around 129.31.

Elsewhere, 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 will be released tomorrow at 20:30 UTC.

The currency pair has been trending positively for about a month. The Australian dollar has gained 4.53% since its lowest print of 0.6213 earlier this year.

Back