Aussie data dump (Nov): Data comes in hot and send AUD higher CPI Australia AUDUSD
, is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchasing power of AUD is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. A high reading is seen as positive for the AUD, while a low reading is seen as negative .
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