CPI Miss Drives Aussie Down, Dollar Sees Modest Rise Pre-FOMC

<p><img width="612" height="408" src="https://www.actionforex.com/wp-content/uploads/2023/06/f-aud160.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://www.actionforex.com/wp-content/uploads/2023/06/f-aud160.jpg 612w, https://www.actionforex.com/wp-content/uploads/2023/06/f-aud160-600×400.jpg 600w, https://www.actionforex.com/wp-content/uploads/2023/06/f-aud160-150×100.jpg 150w, https://www.actionforex.com/wp-content/uploads/2023/06/f-aud160-300×200.jpg 300w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>Australian Dollar encountered significant headwinds in today’s Asian session, weighed down by the latest Australian Q4 CPI data. The lower than expected inflation confirmed that RBA would hold interest rate unchanged in the forthcoming meeting next week. The central bank could also be finally ready to indicate completion of the tightening cycle. Market speculation is […]</p>
<p>The post <a href="https://www.actionforex.com/action-insight/market-overview/537655-cpi-miss-drives-aussie-down-dollar-sees-modest-rise-pre-fomc/">CPI Miss Drives Aussie Down, Dollar Sees Modest Rise Pre-FOMC</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>