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28 Jan 2015
EUR/AUD bears jump on board the 0.2% uptick on trimmed CPI
FXStreet (Guatemala) - EUR/AUD is trading on the offer at 1.4178, down 1.01% on the back of the CPI data.
EUR/AUD has been pressured to the downside to test the 1.4200 level and has penetrated it.The move comes on the back of the Australian CPI data that read slightly below expectations 1.7% vs 1.8% year on year and 0.2% vs 0.3% month on month but beat the trimmed monthly consensus by 0.2%.
Across the Pacific, the Aussie has challenged the greenback and taken it up to challenge the 0.8000 barrier as well. Given the advance on the core reading, the RBA will likely take this into account and this may keep the doves at bay for the time being, hence the spike in the Aussie, despite near misses else where within the reading.
EUR/AUD has been pressured to the downside to test the 1.4200 level and has penetrated it.The move comes on the back of the Australian CPI data that read slightly below expectations 1.7% vs 1.8% year on year and 0.2% vs 0.3% month on month but beat the trimmed monthly consensus by 0.2%.
Across the Pacific, the Aussie has challenged the greenback and taken it up to challenge the 0.8000 barrier as well. Given the advance on the core reading, the RBA will likely take this into account and this may keep the doves at bay for the time being, hence the spike in the Aussie, despite near misses else where within the reading.