# Australian dollar rally pauses ahead of inflation data - Markets - Business Recorder

> The Australian dollar paused its rally at $0.6773 ahead of the July CPI report, after reaching a 2024 high of $0.6798. Forecasts for headline inflation ranged from 2.7% to 3.7% because of uncertainty over electricity rebates.

- Date: 2024-08-27 · published 2024-08-27T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/29060-australian-dollar-rally-pauses-ahead-of-inflation-data-markets-business-recorder
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

This is a routine currency wrap that describes pre-data positioning with no new supply or demand driver for feed commodities.

## Read by commodity

- AUDUSD: neutral

## Sources

- brecorder.com: https://www.brecorder.com/news/40319492

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.