Australia Q3 CPI +1.0% QoQ

Australia Q3 CPI (all groups) has come in at +1.0% against a forecast of +0.8%.

AUDUSD jumps up above 92c but is hit back down to 9180 in the same breath.

From:http://www.fxstreet.com

 

 

Australian CPI Speeding Up

Wed, Oct 28 2009, 00:33 GMT
By James Glynn
SYDNEY (Dow Jones)--Australia's consumer price index rose 1.0% in the third quarter of 2009 from the second quarter and rose 1.3% from a year earlier, the Australian Bureau of Statistics said Wednesday.
Economists on average had expected the CPI rose 0.9% from the previous quarter and rose 1.2% from a year earlier.
The Reserve Bank of Australia's weighted median CPI rose 0.8% in the third quarter from the second quarter and rose 3.8% from a year earlier. The RBA's trimmed mean CPI rose 0.8% in the third quarter from the second quarter and rose 3.2% from a year earlier.
Economists had expected that an average of the RBA's two core measures of CPI rose 0.7% from the previous quarter and rose 3.4% from a year earlier.

From:http://www.fxstreet.com

Australia October Skilled vacancies index +1.9%

Wed, Oct 28 2009, 00:21 GMT
Australia's skilled vacancies index for October +1.9% vs September.

With less than 10 minutes to go, market is awaiting the core CPI numbers released by the RBA. A reading well above 0.8% QoQ is likely to support AUDUSD, as it increases speculation for a 50bps hike in November.

From:http://www.fxstreet.com