$A slightly higher after CPI

The Australian dollar has opened marginally higher, following the release of national inflation data.

At 0630 AEDT on Thursday, the Australian dollar was at 105.46 US cents, up from Wednesday's local close of 105.39 US cents.

The local currency fell slightly on Wednesday after consumer price index (CPI) data - a key measure of inflation - came in weaker than expected.

Australia's CPI rose 0.2 per cent in the December quarter, compared to economists' expectations of a 0.5 per cent rise.

The weaker number could encourage the Reserve Bank of Australia to cut the cash rate when it meets on February 5.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    0.9336+0.0003+0.04%
    AUDUSD=X
    0.5560+0.0002+0.04%
    AUDGBP=X
    0.6760+0.0004+0.05%
    AUDEUR=X
  • Commodities
    Commodities
    NamePriceChange% Chg