{"id":78887,"date":"2023-01-24T19:40:34","date_gmt":"2023-01-24T15:40:34","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=78887"},"modified":"2023-01-24T20:44:10","modified_gmt":"2023-01-24T16:44:10","slug":"australian-inflation-data-could-push-aud-usds-rally-higher","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/australian-inflation-data-could-push-aud-usds-rally-higher\/01\/24\/market-updates\/","title":{"rendered":"Australian inflation data could push AUD\/USD\u2019s rally higher"},"content":{"rendered":"\n<p>The AUD\/USD pair broke decisively above 0.7000 yesterday. Australia\u2019s Consumer Price Index data for Q4 could fuel the rally if figures come out sticky according to economists. The AUD\/USD is trading at 0.7049 at the time of writing versus the previous closing at 0.7024.<\/p>\n\n\n\n<p>Tuesday\u2019s fourth-quarter CPI data in Australia will be crucial for the pair, as evidence of sticky inflation may force a hawkish repricing across the AUD curve (which currently embeds 40 bps of extra Reserve Bank of Australia tightening) and add steam to the AUD\/USD rally.<\/p>\n\n\n\n<p>CPI figures are released also in New Zealand and markets will observe a larger risk they could show a deceleration in price pressures compared to Australia. AUD\/NZD may retest the recent 1.0950 highs soon as the NZD curve has more room for a dovish repricing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The AUD\/USD pair broke decisively above 0.7000 yesterday. Australia\u2019s Consumer Price Index data for Q4 could fuel the rally if figures come out sticky according to economists. The AUD\/USD is trading at 0.7049 at the time of writing versus the previous closing at 0.7024. Tuesday\u2019s fourth-quarter CPI data in Australia will be crucial for the &hellip;<\/p>\n","protected":false},"author":13,"featured_media":31723,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7063,6978,6987],"class_list":["post-78887","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-aud-usd","tag-cpi","tag-inflation"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/78887","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=78887"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/78887\/revisions"}],"predecessor-version":[{"id":78890,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/78887\/revisions\/78890"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31723"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=78887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=78887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=78887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}