Breaking: Australia Q1 RBA trimmed mean CPI +1.2% QoQ misses expectations

The quarterly Consumer Price Index (CPI) published by the Australian Bureau of Statistics is out as follows:

Australia Q1 RBA trimmed mean CPI +1.2 pct q/q (Reuters poll +1.4 pct)

More to come..

AUD/USD update

Coming up ... 

About Australia´s Consumer Price Index 

The quarterly Consumer Price Index (CPI) published by the Australian Bureau of Statistics (ABS) has a significant impact on the market and the AUD valuation. The gauge is closely watched by the Reserve Bank of Australia (RBA), in order to achieve its inflation mandate, which has major monetary policy implications. Rising consumer prices tend to be AUD bullish, as the RBA could hike interest rates to maintain its inflation target. The data is released nearly 25 days after the quarter ends.