FX.co ★ The fundamental analysis of the AUD/USD pair

According to the Australian Statistics Office, the CPI index rose by 0.5% in Q2, 2009, which is 1.5% higher year-on-year. This data release came in line with the experts expectations in full measure, but the AUD/USD currency pair gained by 18 points to 0.8152.
Probably, the AUD/USD pair will be mixed in a short term, but in the middle and long term perspectives it may test the level at 0,8300. The main growth factors will turn out to be the weak dollar, raw materials price upturn and increase of investors\' risk inclination. In the next weeks it is better not to expect a significant surge, until the raw materials prices jump upwards sharply. The economic findings will stimulate the pair\'s volatility rate.

Kind regards,

Analyst: Vladimir Donin