General Australian inflation rose slightly, accelerating slightly from 0.5% in the 3rd quarter to 0.7% in the fourth quarter. Effect on AUDUSD quotes was minimal. As before, the downtrend remains.
The final inflation rate for 2019 was 1.8%, which is significantly lower than the values that the Reserve Bank of Australia (RBA) was oriented on. This gives confidence that at the next meeting of the RBA, the key rate will remain unchanged
The basic scenario for the Australian - he has no chance, the data do not reach the forecast, the RBA pauses - AUDUSD runs the risk of failing even lower by testing a multi-year low of 0.6670.