$1155 in one minute!

On January 28, data were released regarding a change in Australia's CPI. The annual index value dropped from 2.3% to 1.7% (experts had expected a decrease to 1.8%). The quarterly data showed growth by 0.2% versus an increase by 0.5% earlier and analysts' forecast of 0.3%.

After this data release, the Australian dollar strengthened sharply. The currency pair AUD/USD gained 77 pips in one minute which allowed to make up to $1155, with trading one lot!

Data release on Australia's CPI

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