AUDUSD is under pressure today, but the short-term outlook remains the same.
The Australian Dollar is falling against the USD on Thursday. The current quote for the instrument is 0.7840, but in the morning, the situation was more positive.
The report published by the Melbourne Institute says that Consumer Inflation Expectations for the next 12 months among the Australian population increased up to 3.7% in March, which is more than in the previous month (3.6%). The growth of the indicator may show that the people in the country are ready to spend money.
Higher inflation expectations are usually taken as positive by the Reserve Bank of Australia when it comes to the benchmark rate decision. The higher the CPI expectations, the more chances the regulator may increase the rate. However, right now the RBA is not ready to revise the rate upwards and it told investors about that several times.
At the moment, investors are focused on the USD behavior, which is trying to recover on Thursday evening, and the important statistics from Australia, such as the Employment Change and the Unemployment Rate reports, which are scheduled for the next week.
RoboForex Analytical Department
