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Australia’s monthly CPI inflation rises to 3.5% YoY in July vs. 3.4% expected

Australia’s monthly Consumer Price Index (CPI) jumped by 3.5% in the year to July, compared to a 3.8% increase seen in June, according to the data published by the Australian Bureau of Statistics (ABS) on Wednesday.

The market forecast was for 3.4% growth in the reported period.

Market reaction to the Australia’s monthly CPI inflation

At the time of writing, the AUD/USD pair is trading 0.10% lower on the day to trade at 0.6785.

Australian Dollar price today

The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the weakest against the New Zealand Dollar.

  USD EUR GBP CAD AUD JPY NZD CHF
USD   0.01% 0.01% 0.00% 0.03% 0.15% -0.04% 0.06%
EUR -0.01%   0.00% -0.01% 0.01% 0.17% -0.06% 0.06%
GBP -0.02% -0.01%   -0.03% 0.01% 0.15% -0.06% 0.05%
CAD 0.01% 0.01% 0.01%   0.03% 0.16% -0.05% 0.06%
AUD -0.01% -0.01% -0.01% -0.03%   0.14% -0.07% 0.04%
JPY -0.16% -0.16% -0.17% -0.17% -0.14%   -0.21% -9912.05%
NZD 0.04% 0.06% 0.05% 0.04% 0.07% 0.23%   0.11%
CHF -0.07% -0.06% -0.06% -0.06% -0.04% 0.10% -0.11%  

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 Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).

 

Japanese Yen loses ground, downside seems limited due to hawkish BoJ

The Japanese Yen (JPY) fell slightly against the US Dollar (USD) on Wednesday.
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PBOC sets USD/CNY reference rate at 7.1216 vs. 7.1249 previous

The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Wednesday at 7.1216, as against the previous day's fix of 7.1249 and 7.1210 Reuters estimates.
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