AUD Received an Inflation Boost: Overview for October 25, 2023

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/AUDUSD_1-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="AUD/USD analysis today" decoding="async" style="margin-bottom: 15px;" /></div><p>The <a href="https://roboforex.com/beginners/info/charts/forex/audusd/" data-internallinksmanager029f6b8e52c="33" title="AUD/USD">AUD/USD</a> pair is riding an upward wave.</p>

<p>The Australian dollar continues its ascent against the US dollar. The current AUD/USD exchange rate is 0.6400.</p>

<p>On Wednesday morning, the Aussie surged to a two-week high following the release of Australian <a href="https://blog.roboforex.com/blog/2022/06/30/what-is-inflation-reasons-and-consequences/" data-internallinksmanager029f6b8e52c="220" title="Inflation">inflation</a> data that exceeded expectations.</p>

<p>For instance, the Q3 <a href="https://blog.roboforex.com/blog/2021/08/25/what-is-consumer-price-index-and-how-to-use-it-in-forex/" data-internallinksmanager029f6b8e52c="197" title="CPI">CPI</a> dropped to 5.4% from the previous 6.0%. However, it outperformed the forecasted 5.3%.</p>

<p>Earlier this week, RBA Chair Michele Bullock stated that the central bank would swiftly raise interest rates if inflation data indicated an uptick. Currently, the Australian <a href="https://blog.roboforex.com/blog/2019/10/22/trading-news-how-to-earn-on-interest-rates/" data-internallinksmanager029f6b8e52c="90" title="Interest rate">interest rate</a> stands at 4.1% per annum.</p>

<p>Given the magnitude of these developments, the reaction of the Australian dollar is entirely reasonable.</p>

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