FXStreet – The currency pair AUD/USD had a portion of his profits, and turned on days of high to the South. Finally, the currency traded pair on 0,7380 and, therefore, 0.48 percent in the Plus.
After the release of US economic data, which documented a stronger-than-expected increase in imported prices, resulted in new bids around the US Dollar. The import prices rose by 0.5 percent after 0.1 percent in the previous month, according to the U.S. labor Department on Wednesday. Bank economists had expected only a price increase of 0.2 percent. The increase in the previous month was written by +0.3 percent to 0.1 percent. The data underscore the continued inflationary pressure in the US economy.
Directly after the release, it was due to rising US yields to new sales around the high-interest rate currencies such as the Aussie.
Despite the first reaction to the data, the currency remained few in the positive area, given the subdued price development around the US Dollar. Blame seems to have been the surprising decision of U.S. President Donald Trump, to dismiss the FBI Director James Comey. This development is likely to reduce the support of the Congress in relation to the proposed tax cuts.
In the course of the day, no other U.S. economic data on the Agenda, so that only the speech of Fed chief Rosengren will deliver a new impetus.
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The next supports lie at 0,7350, 0,7300 (psychological mark) and 0,7285/80 (horizontal support). The chart technical situation brightens when the Couple first of all, the 0,7400, 0,7425/30 and 0,7460 back to Robert.
** FXStreet News Editorial, FXStreet**