Investing.com - The Australian Dollar was lower against the U.S. Dollar on Wednesday after the release of U.S. data on CPI.
AUD/USD was trading at 1.0148, down 0.29% at time of writing.
The pair was likely to find support at 1.0061, today’s low, and resistance at 1.0342, Monday’s high.
Earlier in the day, official data showed that consumer price inflation in the U.S. fell to a seasonally adjusted -0.1% last month, from 0.3% in the preceding month.
Analysts had expected CPI to remain unchanged at 0.0% last month.
Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.15% to hit 1.3324 and AUD/JPY falling 0.30% to hit 78.17.
AUD/USD was trading at 1.0148, down 0.29% at time of writing.
The pair was likely to find support at 1.0061, today’s low, and resistance at 1.0342, Monday’s high.
Earlier in the day, official data showed that consumer price inflation in the U.S. fell to a seasonally adjusted -0.1% last month, from 0.3% in the preceding month.
Analysts had expected CPI to remain unchanged at 0.0% last month.
Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.15% to hit 1.3324 and AUD/JPY falling 0.30% to hit 78.17.