AUDUSD Crashes Below 0.6965 as Australia CPI Misses Forecast

AUDUSD plummeted below 0.6965 after Australia's Consumer Price Index (CPI) data fell short of expectations, casting a shadow over the Australian dollar.

The CPI rose 4.0% year-over-year, missing the forecasted 4.1%, while monthly CPI increased by 0.4%, slower than the anticipated 0.5% growth.

The Trimmed Mean CPI eased to 0.2% month-over-month, below the predicted 0.3%, indicating weaker underlying inflation momentum.