RBA Weighted Median CPI y/y comes in at 3.7% against 3.9% consensus
| Pair | Now | Since publish |
|---|---|---|
| AUDUSD | — | — |
The RBA Weighted Median CPI year over year for Australia was released at 3.7%. This figure came in below the consensus expectation of 3.9%. The actual print also represents an increase from the previous reading of 3.5%. The surprise against consensus was -5.1%.
Following the release, the Australian dollar showed weakness against major pairs. AUDCAD traded -27 pips lower 15 minutes after the release, while AUDCHF was down -17 pips. AUDJPY declined by -38 pips, and AUDNZD moved -23 pips lower. AUDUSD also saw a -22 pip drop. Conversely, EURAUD gained +46 pips, and GBPAUD rose by +50 pips 15 minutes post-release. These moves are generally larger than the median 1-hour moves observed after past releases for AUDCAD (21 pips), AUDCHF (16 pips), AUDJPY (20 pips), AUDNZD (22 pips), AUDUSD (17 pips), EURAUD (38 pips), and GBPAUD (45 pips). Some pairs, like AUDJPY and GBPAUD, are approaching or exceeding their top-quarter move thresholds.