Australian dollar falls despite positive consumer prices data

Economies.com
2021-01-27 18:01PM UTC

The Australian dollar fell on Wednesday, despite the release of upbeat economic data.

 

The US Federal Reserve will unveil its rate decisions later today, amid broad expectation to keep the interest rates unchanged at 0.25%, and will be followed by a press conference from Fed's Chair Jerome Powell.

 

The Australian consumer price index rose 0.9% in December, beating forecasts of 0.7%.

 

The core CPI reading (excluding the most volatile of items) rose by 0.4% in December, which was on par analysts' forecasts.

 

As of 18:00 GMT, AUD/USD fell 0.7% to 0.7699, after hitting a high of 0.7763, and a low of 0.7645.

Forex and Currency News

Forex News

Forex

Dollar hits six-week high ahead of US growth data
2024-03-28 11:38AM UTC
US Dollar's Rise in European Trade The US dollar rose in European trade on Thursday against a ...
EUR/USD news

Forex

Euro sharpens decline to five-week trough on the interest rate gap
2024-03-28 08:30AM UTC
Euro declined in European trade on Thursday against a basket of major rivals, sharpening losses for ...
Forex News

Forex

Dollar under pressure ahead of Christopher Waller's speech
2024-03-27 11:18AM UTC
The dollar declined in European trade on Wednesday against a basket of major rivals away from ...

Forex Technical Analysis

NZD USD Analysis

Forex

The NZDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
NZDUSD Price Analysis The NZDUSD price resumes its negative trading to move away from 0.6000$ ...
AUD USD Analysis

Forex

The AUDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
AUDUSD Price Analysis The AUDUSD price achieved initial break to 0.6500$ level and closed the ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 28-03-2024
2024-03-28 10:19AM UTC
EURUSD Trading Analysis The EURUSD price resumes its negative trading to approach our first ...