Australia weighted CPI YoY 3.5% versus 3.4% expected

• Prior month 3.8%
• Weighted CPI year on year 3.5% vs 3.4% estimate
• CPI SA YoY 3.6 % vs 3.8% prior revised from 3.9%
• CPI SA MoM 0.0% versus 0.3% last month (revised from 0.4%)

The good news is the CPI is back on a downward trajectory, but was higher than expectations of 3.4% (which was the low back in December and January).

The AUDUSD AUD/USD The AUD/USD is the currency pair encompassing the Australian dollar of the Commonwealth of Australia (symbol $, code AUD), and the dollar of the United States of America (symbol $, code USD). The pair’s rate indicates how many US dollars are needed in order to purchase one Australian dollar. For example, when the AUD/USD is trading at 0.7500, it means 1 Australian dollar is equivalent to 0.75 US dollars. The Australian dollar (AUD) is the world’s fifth most traded currency, whilst the US Dollar The AUD/USD is the currency pair encompassing the Australian dollar of the Commonwealth of Australia (symbol $, code AUD), and the dollar of the United States of America (symbol $, code USD). The pair’s rate indicates how many US dollars are needed in order to purchase one Australian dollar. For example, when the AUD/USD is trading at 0.7500, it means 1 Australian dollar is equivalent to 0.75 US dollars. The Australian dollar (AUD) is the world’s fifth most traded currency, whilst the US Dollar Read this Term moved higher and above the ceiline near 0.6798 but fell short of the 61.8% of the move down from the 2023 high at 0.6818. Drats!