What's going on with the CPI & AUD?

We are seeing a temporary boost to the CPI from a spike in fresh fruit & vegetable prices, while the surge in crude oil prices and a weaker AUD has boosted auto fuel prices. There was a seasonal lift in health costs associated with the annual health premium reset.

Why is the Aud a gross measure of market activity?

It is a gross measure of market activity because it indicates the pace at which a country's economy is growing or decreasing. Generally speaking, a high reading or a better than expected number is seen as positive for the AUD, while a low reading is negative.

What is the correlation between AUDUSD and gold?

This correlation with the Shanghai stock exchange is to be added to the correlation it has with gold. The pair AUDUSD often rises and falls along with the price of gold. In the financial world, gold is viewed as a safe haven against inflation and it is one of the most traded commodities.

How does the AUDUSD news affect the economy?

The AUDUSD news can be seriously affected by the decisions taken by these organizations and people: Reserve Bank of Australia (RBA) that issues statements and decides on the interest rates of the country. Its president is Philip Lowe. Australian Government and its Department of Finance that implement policies that affect the economy of the country.