Book Exotic Holiday now and share Your Story & Win a Free Trip to Oman. The Australian dollar went down today as the currency remains range bound in respect of the publishing of local inflation data tomorrow. The local unit was dealing at 99.18 US cents, decreased from yesterday's closure of 99.48 US cents. It was as well purchasing 80.05 yen, 70.99 euro cents and 62.97 pence. According to Iress data, ever since 7am eastern daylight time, the local unit has deal between 98.8 US cents and 99.18 cents. Dealers are mostly on the sidelines ahead of tomorrow's Consumer Price Index data that the market wishes shall pass on a signal as to whether the Reserve Bank of Australia shall be increasing interest rates at the time when it meets on Tuesday. IG Markets research analyst Ben Potter stated out that the Australian unit got a elevation from Monday's Australian producer price index statistics, but knock down overnight. He further expressed that yesterday's PPI emerged out a bit hotter than predicted, which noticed the market moving ahead overnight. The US dollar establishes a bit of buying assistance late in the US session, so the risking currencies were put on sale a bit more.

Source