# AUD/USD down a few tics after the Australian Q2 CPI results

> Australia's second-quarter CPI came in at 1.8% quarter-on-quarter, matching expectations, and trimmed mean inflation was 1.5%. The AUD/USD dipped slightly on the data.

- Date: 2022-07-27 · published 2022-07-27T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/40740-aud-usd-down-a-few-tics-after-the-australian-q2-cpi-results
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Inflation in line with forecasts makes a 50 basis point RBA hike more likely, a modest currency factor with little direct effect on feed prices.

## Read by commodity

- AUDUSD: neutral

## Sources

- investinglive.com: https://investinglive.com/news/audusd-down-a-few-tics-after-the-australian-q2-cpi-results-20220727/

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