Forex Trading News- Hawkish Australia CPI data skyrockets the Aussie

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The Consumer Price Index shows price movements by comparing the retail prices of a representative shopping basket featuring goods and services. Therefore this a key indicator to measuring inflation and changes in purchasing trends. A high reading is seen as positive as it can signal a potential interest rate hike and therefore, is usually associated by hawkish behavior of the currency.

The Consumer Price Index shows price movements by comparing the retail prices of a representative shopping basket featuring goods and services. Therefore this a key indicator to measuring inflation and changes in purchasing trends. A high reading is seen as positive as it can signal a potential interest rate hike and therefore, is usually associated by hawkish behavior of the currency.