# AUD/USD dips on inflation data, falling Iron Ore and a stronger USD — Octa

> AUD/USD fell over 0.2% to the 0.6610s after Australia's February monthly CPI rose 3.4% year on year, slightly below the 3.5% expected. Iron ore prices dropped more than 2.5% and the broad US dollar firmed on solid US data.

- Date: 2024-03-27 · published 2024-03-27T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/31458-aud-usd-dips-on-inflation-data-falling-iron-ore-and-a-stronger-usd-octa
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Softer inflation brings forward expected RBA rate cuts, which weakens the Australian dollar, while lower iron ore prices weigh on Australia's main export income. Neither move has a direct effect on feed grain prices.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/1094631/

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