Australian dollar marked lower with the CPI data coming in well under what was expected

<p>The headline monthly rate for May came in well under consensus and should take an Reserve Bank of Australia rate hike off the table at the July 4 meeting next week. </p><ul><li><a href="https://www.forexlive.com/news/australian-monthly-cpi-february-56-yy-vs-expected-61-20230628/" target="_blank" rel="follow" data-article-link="true">Australian monthly CPI (May) 5.6% y/y (vs. expected 6.1%)</a></li></ul><p>Australian dollar down sharply:</p>

This article was written by Eamonn Sheridan at www.forexlive.com.