Investing.com - The Australian Dollar was higher against the U.S. Dollar on Wednesday after the release of Australian data on CPI.
AUD/USD was trading at 1.1041, up 0.77% at time of writing.
The pair was likely to find support at 1.0796, Monday’s low, and resistance at 1.1062, today’s high.
Earlier in the day, official data showed that Australian consumer price inflation rose more-than-expected to a seasonally adjusted 0.9% in the last quarter from 1.6% in the preceding quarter.
Analysts had expected CPI to rise 0.7% in the last quarter.
Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.72% to hit 1.3149 and AUD/JPY rising 0.65% to hit 85.89.
AUD/USD was trading at 1.1041, up 0.77% at time of writing.
The pair was likely to find support at 1.0796, Monday’s low, and resistance at 1.1062, today’s high.
Earlier in the day, official data showed that Australian consumer price inflation rose more-than-expected to a seasonally adjusted 0.9% in the last quarter from 1.6% in the preceding quarter.
Analysts had expected CPI to rise 0.7% in the last quarter.
Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.72% to hit 1.3149 and AUD/JPY rising 0.65% to hit 85.89.