Australian inflation figures are A-OK in Q1. Prices rose by 0.2% q/q and 1.3%, as expected. When stripping out more volatile components such as oil and food, the Trimmed Mean CPI rose 0.6% q/q and 2.3%. The latter figure is a tick above 2.2% expected.
This was enough to relive AUD/NZD from the danger of parity and to help AUD/USD advance and get closer to 0.78.
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