Currency Analyst since 2010

AUD/USD rose on higher CPI

EUR/USD is little changed in the 1.0736 area on Friday. The euro remains under pressure because of uncertainty created by the Greek debt negotiations.

AUD/USD rose to 0.7778. Australian dollar rose as core consumer inflation rose by 0.6% in Q1 versus the forecast of 0.5% increase. Higher inflation diminishes the possibility that the Reserve Bank of Australia will cut interest rate in May.

USD/JPY met resistance around 119.80. GBP/USD is fluctuating in the 1.4950 area ahead of the release of the Bank of England’s meeting minutes due at 08:30 GMT.


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