Forex: Aussie broadly weaker after CPI

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Forex: Aussie broadly weaker after CPI

FITITOL--> FXstreet.com (San Francisco) - The Australian dollar is broadly weaker against its major trading counterparts this Tuesday in Asia after Australia’s consumer price index rose just 0.1% in the first quarter compared with no change in the December quarter 2011, vs. economists’ expectations of a 0.6% rise, fueling speculation of aggressive easing by the Reserve Bank of Australia.

EUR/AUD jumped to a 3-week high of 1.2813, last at 1.2795 vs. 1.2747 late Monday in New York. AUD/JPY touched a fresh weekly low of 83.20, last at 83.33 vs. 83.75 at the Asia-Pacific opening. AUD/USD slid to a 2-week low of 1.0254, finding support at the key 50% retracement level of the 0.9661/1.0854 advance, last quoted at 1.0275, 0.4% below its starting price and down 0.9% so far this week.