# Australian dollar off lows after CPI; what’s next for AUD/USD? | IG International

> Australian CPI rose 7% year-on-year in the January-March quarter, slightly above expectations, while trimmed mean inflation slowed to 1.2% quarter-on-quarter, below forecasts. The market raised its RBA cash rate pricing to 3.81% by August, and the Australian dollar recovered from initial losses.

- Date: 2023-04-26 · published 2023-04-26T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/36644-australian-dollar-off-lows-after-cpi-what-s-next-for-aud-usd-ig-international
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Persistent inflation keeps RBA tightening expectations alive, supporting the AUD; this is a macro currency move with limited direct effect on feed commodity prices.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- ig.com: https://www.ig.com/en/news-and-trade-ideas/au-cpi-update--australian-dollar-off-lows-230426

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