# Australian Dollar Sold After Soft Aussie Inflation Print

> The Australian dollar weakened after the June-quarter CPI came in below expectations, with headline inflation slowing from 5.6% to 5.4%. Markets reduced bets on an August RBA rate hike, and the currency fell against its G10 peers.

- Date: 2023-07-26 · published 2023-07-26T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/35311-australian-dollar-sold-after-soft-aussie-inflation-print
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Lower rate-hike bets weaken the Australian dollar, which slightly lowers the dollar cost of Australian grain and meat exports.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/aud/19062-australian-dollar-sold-after-soft-aussie-inflation-print

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