A slow down? After three days of going up, the Australian dollar is flat today, hovering around 0.7119.

Published: January 26 2023, 04:16 GMT+0

A slow down? After three days of going up, the Australian dollar is flat today, hovering around 0.7119.

Small gain for AUD/USD at 0.7119 after ranging between 0.7094 and 0.7124 today.

Uptick comes while some more positive signs for Aussie-Dollar are out as Crude Oil Inventories in United States fell short of market expectations (971,000) with a reading of 533,000, continuing the decline from the previous figure of 8.41 million.

Meanwhile, Australia Consumer Price Index came out at 1.9, while a consensus of analysts was expecting 1.6. Australia Trimmed Mean CPI (QoQ) (Q4) released yesterday at 00:30 UTC with a figure of 1.7, while the previous figure was 1.8.

At the same time, EUR/JPY slumps 0.23% to trade around 141.03. GBP/JPY is down to 160.21, losing 39 pips, after closing at 160.6 in the preceding trading session. USD/JPY is down 30 pips from the beginning of the session and now trades around 129.2.

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 is expected tomorrow at 20:30 UTC.

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

Back