According to the Australian Bureau of Statistics the Consumer price index rose at a rate of 0.8% during the fourth quarter; surpassing analysts expectations for a 0.5%.
On Tuesday the AUD/USD finished practically unchanged after finding resistance at 0.8840 and being unable to consolidate above 0.8800. It was the first time for the AUD/USD not reaching mutli-year lows after four trading days. Following higher-than-expected inflation data the Aussie jumped and at the moment of writing is holding above 0.8840.
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