Australian inflation data for the second quarter of the year, which is due out on July 29 at 01:30 GMT, is expected to plunge to record levels at -2.0% from 0.3% in the previous quarter. The AUD/USD pair could challenge the year high at 0.7182 with better-than-anticipated data, FXStreet’s Chief Analyst Valeria Bednarik reports. Key quotes “According to preliminary estimates, Q2 CPI is seen at -2.0% from 0.3% in the previous quarter, and at -0.4% when compared to the second quarter of 2019 vs. the previous 2.2%. The Trimmed Mean CPI is expected at 0.1% QoQ and at 1.4 YoY.” “Worse-than-anticipated numbers could take their toll on the Aussie, but a sustained decline is out of the picture for now. Instead, bulls can take their chances after the initial reaction to CPI figures. Upbeat numbers, on the other hand, can push the AUD/USD pair above the 0.7182 year-high, particularly considering the US dollar will likely remain weak ahead of Q2 GDP figures and the Fed Monetary Policy decision.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin Price Outlook: BTC/USD cracks $11,000, here are the key points FX Street 3 years Australian inflation data for the second quarter of the year, which is due out on July 29 at 01:30 GMT, is expected to plunge to record levels at -2.0% from 0.3% in the previous quarter. The AUD/USD pair could challenge the year high at 0.7182 with better-than-anticipated data, FXStreet’s Chief Analyst Valeria Bednarik reports. Key quotes “According to preliminary estimates, Q2 CPI is seen at -2.0% from 0.3% in the previous quarter, and at -0.4% when compared to the second quarter of 2019 vs. the previous 2.2%. The Trimmed Mean CPI is expected at 0.1% QoQ and at 1.4 YoY.”… 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.
