Australian Import Prices fell 0.3%

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Thursday, Jan 28 2016

The Import Price Index fell 0.3% in the December quarter 2015. Analysts were anticipating 0.8% decrease. Through the year to the December quarter 2015, the Import Price Index rose 2.4%. The Export Price Index fell 5.4% in the December quarter 2015. Through the year to the December quarter 2015, the Export Price Index fell 10.3%.

The Australian dollar is showing resilience following cautious comments from the US Federal Reserve after it left interest rates unchanged. Overnight, the central bank shifted its language in a more dovish direction, slightly downgrading its growth and inflation outlooks.

Aussie is currently being traded around 0.7040 area. Pair is likely to find support around 0.6980 handle and resistance above 0.7080 level. Later today, in the US session, Durable Goods Orders and Unemployment Claims figures are scheduled for a release.

More in this category: « Fed leaves interest rates unchanged Spanish Unemployment Rate decreased more than expected »

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