The Australian Dollar was lower this morning after the Bureau of Statistics reported that consumer prices increased less than expected in the second quarter (QoQ 0.6% act v 1.0% exp, 0.9% prev YoY 3.1% act v 3.4% exp, 2.9% prev). The Aussie found itself slide to its lowest levels

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Aussie Weaker Following Soft CPI Reading

First though its important to know how we got here. The Aussie had a strong rally throughout 2009 as equities, commodities and other asset classes recovered from the severe financial crisis of 2008 and the global recession that followed. A lot of this rally was powered by central banks sharply

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Comparing the Australian and US Economies & Impact on AUD/USD

The data out of China overnight was generally discouraging for risk and especially for Aussie, with virtually all of the figures disappointing, particularly the industrial production number. The July and August numbers may be particularly interesting as we see the expiration of Chinese tax rebates on exports of a wide

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JPY Storms Back on Horrible US Empire Manufacturing Survey