Breaking: Australian CPI rises 5.6% YoY in May vs. 6.1% exzpected

The latest data published by the Australian Bureau of Statistics (ABS) showed on Wednesday, Australia’s monthly Consumer Price Index (CPI) rose 5.6% in the year to May 2023, compared with April’s annual increase of 6.8%. The market consensus was for an acceleration of 6.1% in the reported period.

The AUD/USD pair extends the decline toward 0.6600. 

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