Australia’s monthly CPI inflation ticks up to 4.0% YoY in May vs. 3.8% expected
Australia’s monthly Consumer Price Index (CPI) jumped by 4.0% in the year to May after recording a 3.6% increase in April, according to the data published by the Australian Bureau of Statistics (ABS) on Wednesday.
The market forecast was for a 3.8% growth in the reported period.
Market reaction
The AUD/USD pair picks up fresh bids on the data release, adding 0.26% on the day to trade near 0.6660, as of writing.
Australian Dollar PRICE Today
The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the strongest against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.01% | -0.03% | 0.08% | -0.04% | -0.31% | -0.09% | 0.05% | |
| EUR | 0.00% | -0.03% | 0.05% | -0.06% | -0.31% | -0.07% | 0.04% | |
| GBP | 0.03% | 0.03% | 0.10% | -0.02% | -0.28% | -0.02% | 0.08% | |
| JPY | -0.08% | -0.05% | -0.10% | -0.12% | -0.41% | -0.15% | -0.03% | |
| CAD | 0.04% | 0.06% | 0.02% | 0.12% | -0.32% | -0.04% | 0.08% | |
| AUD | 0.31% | 0.31% | 0.28% | 0.41% | 0.32% | 0.23% | 0.36% | |
| NZD | 0.09% | 0.07% | 0.02% | 0.15% | 0.04% | -0.23% | 0.13% | |
| CHF | -0.05% | -0.04% | -0.08% | 0.03% | -0.08% | -0.36% | -0.13% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Australian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent AUD (base)/USD (quote).
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
