XE Market Analysis: Europe – Jul 26, 2017

The Aussie dollar took a rap following sub-forecast CPI data out of Australia, which came in at 1.9% y/y in Q2 versus the median forecast for 2.2% y/y, while the underlying rate remained stubbornly below the RBA’s target range. AUD-USD is just off its lows, at 0.7884 bid presently, showing a 0.7% decline on the day as the London interbank market take to their seats. The Aussie is showing a similar magnitude of decline versus the yen and euro, too. Elsewhere, USD-JPY finds itself settled in the upper 111.0s, near net unchanged after earlier lifting to a three-session high of…

Source: XE news feed
XE Market Analysis: Europe – Jul 26, 2017