Australia reported a rise of 0.2% in the consumer price in index for Q4. While this was slightly below expectations of 0.3%, the Trimmed Mean CPI (known as core CPI elsewhere advanced by 0.7%, more than 0.5% expected. Year over year, headline inflation rose 1.7% and core inflation by a nice 2.2%. These figures lower the chances of an RBA rate cut next week and the Aussie reacted. AUD/USD jumped from the low of around 0.79 to a first attempt on 0.80. After a struggle, a second, steady move followed and the pair reached a peak of 0.8023. Is the Aussie set to sit above 0.80 and escape the fate of its peer commodity currencies? In New Zealand, inflation dropped in Q4 and the kiwi was hit hard. In Canada, the central bank shocked with a rate cut after over 4 years without changing the rates. All this exerted pressure on the A$, but apparently things are better in Australia. The Reserve Bank of Australia meets on Tuesday, February 3rd and a change in the 2.50% interest rate now seems unlikely: a solid 2.2% yearly advance in core CPI is something many developed economies dream of. For more, here is the Aussie forecast. Here is how the surge looks on the chart: Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam AUD/USD Daily OutlooksForex News Today: Daily Trading News share Read Next Attend the Traders Expo New York Yohay Elam 8 years Australia reported a rise of 0.2% in the consumer price in index for Q4. While this was slightly below expectations of 0.3%, the Trimmed Mean CPI (known as core CPI elsewhere advanced by 0.7%, more than 0.5% expected. Year over year, headline inflation rose 1.7% and core inflation by a nice 2.2%. These figures lower the chances of an RBA rate cut next week and the Aussie reacted. AUD/USD jumped from the low of around 0.79 to a first attempt on 0.80. After a struggle, a second, steady move followed and the pair reached a peak of 0.8023. Is the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.