Australian Consumer Price Index came out beating expectations. The quarter to quarter is 0.5%, year to year is 1.8%. Whereas prior expectations was q/q is 0.4% and y/y was 1.7% as I mentioned in AUD Weekly Forecast.
Aussie CPI posted an increased 114.10 Index Points for 4th quarter of 2018 from 113.5 Index Points in 3rd quarter of 2018.
Also US Dollar Index struggles for directions on President Trump's stand on trade war with China and FED Shutdown. DXY is still around 95.x failing to catch up last quarter high.
Further US-China high level Trade Talks to avoid trade war President Trump planned to wage from March 1.
Overall AUD is highly correlated with DXY and it is all depend on Sino-US trade talks/war, stand on Shutdown.
Till then this small correction of +2% expected this January 2019.
Aussie CPI posted an increased 114.10 Index Points for 4th quarter of 2018 from 113.5 Index Points in 3rd quarter of 2018.
Also US Dollar Index struggles for directions on President Trump's stand on trade war with China and FED Shutdown. DXY is still around 95.x failing to catch up last quarter high.
Further US-China high level Trade Talks to avoid trade war President Trump planned to wage from March 1.
Overall AUD is highly correlated with DXY and it is all depend on Sino-US trade talks/war, stand on Shutdown.
Till then this small correction of +2% expected this January 2019.
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| AUDUSD Hourly Chart 30th January 2019 |
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