Australia’s CPI data (CPI m/m, CPI y/y and Trimmed Mean CPI m/m) landed at 01:30 UTC on 29 July 2026, and the Australian dollar softened against its major peers. The sharpest reaction came in AUD/CHF, which slipped around 0.31%.
Where the AUD moved
AUD/CHF led the declines, easing from 0.57099 to 0.56925, a move of about -0.31%.
AUD/JPY followed closely, falling from 114.141 to 113.796, down roughly 0.30%.
AUD/CAD dropped from 0.98279 to 0.97997, a -0.29% move, while AUD/SGD slipped from 0.90088 to 0.89832, also near -0.28%.
EUR/AUD moved the other way, rising from 1.63404 to 1.63865, up about 0.28% as the euro gained ground on the Aussie.
The smallest reaction was in AUD/NZD, which eased from 1.20542 to 1.20308, down around 0.19%.
What the reaction shows
The move was consistent and one-directional: the Australian dollar softened against every counterpart in our feed. Declines clustered tightly in the 0.28% to 0.31% range across the CHF, JPY, CAD and SGD crosses.
The more contained response in AUD/NZD suggests the reaction was less pronounced against the neighbouring New Zealand dollar. Overall, this was a modest but broad-based softening in the Aussie in the minutes immediately following the CPI release.
Descriptive market news from the ForexBullion Research Team. Not investment advice.
