Australia's CPI Inflation Hits 4.0% YoY in August
Australia's Consumer Price Index (CPI) inflation rose to 4.0% YoY in August, meeting expectations.
The Australian Dollar (AUD) saw some selling pressure following the CPI report, with the AUD/USD pair down 0.25% on the day to trade at 0.6970.
In a heat map of major currencies against each other, the AUD was shown to be the weakest against the Japanese Yen.