At 03:30 (GMT+2), Australian data on the consumer price index for the first quarter will be released. It is the main indicator of inflation in the country and determines the change in retail prices for a certain “basket” of goods and services: food, transport, utilities, healthcare, and so on. It has a significant impact on monetary policy decisions. It is expected that the value will decrease from 1.9% to 1.3% QoQ and from 7.8% to 6.9% YoY. Implementation of the forecast may support the Australian dollar.
