Australian dollar rises slightly after mixed data

Australian dollar rose slightly against greenback in today's trading following weak economic data and ahead of the US Federal Reserve's decision later in the day.

Government data showed Australia's consumer price index rose by 0.6% last month, while analysts expected the index to rise 0.5%.

Otherwise, the private sector credit index rose by 0.1%, while analysts expected a 0.3% rise in June.

Markets are focusing on the US Federal Reserve, which will announce its interest rate decision amid expectations of a 2.25% drop from 2.50%.

The decision affects markets significantly and global central banks, including the Australian Central Bank amid expectations of the possibility of it following the US Federal Reserve in monetary policy based on the case of each economy separately.

In terms of trade, by 16:00 GMT, AUD/USD rose by 0.1% to 0.6886, and hit a high of 0.69 and a low of 0.6862.