# Currency Watch: Eurozone, Dollar Resilience, Central Banks - Forex Prop News

> Australia's CPI showed inflation easing, with the monthly rate falling to 3.4% from 4.3% and the quarterly rate slowing to 0.6%. The AUD dropped from 0.6600 to 0.6559 after the release, and the RBA held its cash rate at 4.35%.

- Date: 2024-01-31 · published 2024-01-31T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/32403-currency-watch-eurozone-dollar-resilience-central-banks-forex-prop-news
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Slowing inflation and an RBA hold keep rate-cut expectations alive, which applies pressure to the Aussie. The currency move matters to Australian export pricing but has little direct effect on feed grains.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- forexpropnews.com: https://forexpropnews.com/currency-watch-eurozone-dollar-resilience-central-banks/

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