Good Morning Everyone,
The Australian CPI has been released and hurray, AUD beat the forecasted data. A higher than expected reading should be taken as positive/bullish for the AUD
CPI (QoQ)
Actual:0.7%
Forecast:0.5%
Previous:0.4%
CPY (YoY)
Actual:1.3%
Forecast:1.1%
Previous:1.0%
This time I picked the GBP to AUD forecast for October 2016.
The forecast for beginning of October 1.69. Maximum rate 1.69, while minimum 1.59. Averaged rate for month 1.65. The exchange rate at the end 1.62, change for October -4,14%.
The Australian CPI has been released and hurray, AUD beat the forecasted data. A higher than expected reading should be taken as positive/bullish for the AUD
CPI (QoQ)
Actual:0.7%
Forecast:0.5%
Previous:0.4%
CPY (YoY)
Actual:1.3%
Forecast:1.1%
Previous:1.0%
This time I picked the GBP to AUD forecast for October 2016.
The forecast for beginning of October 1.69. Maximum rate 1.69, while minimum 1.59. Averaged rate for month 1.65. The exchange rate at the end 1.62, change for October -4,14%.