Australian Dollar Rises After Australia Q1 CPI Data
April 21 2015 - 9:15PM
RTTF2
The Australian dollar strengthened against the other major
currencies in the Asian session on Wednesday, after data showed
that the nation's consumer prices rose more than expected on
quarter in the first quarter of 2015.
Data from the Australian Bureau of Statistics showed that the
consumer prices in Australia were up 0.2 percent on quarter in the
first quarter of 2015. That was unchanged from the previous
quarter, although it exceeded forecasts for an increase of 0.1
percent.
On a yearly basis, inflation advanced 1.3 percent - in line with
forecasts and down from 1.7 percent in the previous three
months.
The Australian dollar rose to 2-day highs of 92.99 against the
yen and 1.3798 against the euro, from yesterday's closing quotes of
92.24 and 1.3915, respectively.
Against the U.S., the New Zealand and the Canadian dollars, the
aussie advanced to 2-day highs of 0.7772, 1.0113 and 0.9535 from
yesterday's closing quotes of 0.7709, 1.0045 and 0.9462,
respectively.
If the aussie extends its uptrend, it is likely to find
resistance around 94.75 against the yen, 1.36 against the euro,
0.79 against the greenback, 1.03 against the kiwi and 0.97 against
the loonie.
Euro vs AUD (FX:EURAUD)
Forex Chart
From Apr 2024 to May 2024
Euro vs AUD (FX:EURAUD)
Forex Chart
From May 2023 to May 2024