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22 May 2015
AUD/USD slides further after US CPI data
FXStreet (Córdoba) - AUD/USD slide further following the release of the inflation report in the US. Recently the pair bottomed at 0.7823, level last seen back in May 4.
USD jumps after data
The CPI index rose in April 0.1% as expected by market consensus, but the core rate surprised to the upside by advancing 0.3%, the biggest monthly gain since January 2013, the annual (core) rate held at 1.8%.
The number boosted the US dollar across the board, weakening AUD/USD that earlier reached 0.7930 and now is trading a hundred pips below daily highs and remains under pressure.
AUD/USD breaks key short term support
On Wednesday and Thursday and also during the first week of May, the area around 0.7860/65 capped the decline and become an important short term support. The recent slide pushed the pair to break the mentioned level and now is holding below, headed toward the lowest daily close since late April.
USD jumps after data
The CPI index rose in April 0.1% as expected by market consensus, but the core rate surprised to the upside by advancing 0.3%, the biggest monthly gain since January 2013, the annual (core) rate held at 1.8%.
The number boosted the US dollar across the board, weakening AUD/USD that earlier reached 0.7930 and now is trading a hundred pips below daily highs and remains under pressure.
AUD/USD breaks key short term support
On Wednesday and Thursday and also during the first week of May, the area around 0.7860/65 capped the decline and become an important short term support. The recent slide pushed the pair to break the mentioned level and now is holding below, headed toward the lowest daily close since late April.