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Aussie Dollar Falls to 6-Week Lows Amid Weaker-Than-Expected CPI Data


Wednesday, 24 April 2019 12:58 WIB

AussieDollar Australia,AUD/USD,


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The Australian dollar fell to near six-week lows on Wednesday in Asia after the release of the latest inflation data that was softer than expected.

The AUD/USD pair was down 1.0% by 11:30 PM ET (03:30 GMT) to 0.7034, the lowest level since March 8.

The country's consumer price index cooled to 0.3% in the first three months of 2019, compared to the expectation of a 0.4% rise. That followed a 0.4% rise in the final three months of 2018, data showed in the morning.

Markets are also closely monitoring developments surrounding the Sino-U.S. trade talks as they could direct near-term Aussie moves.

Source : Investing.com


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