Day: April 23, 2008

Aussie Rallies on Q1 CPI Data

The Australian dollar reached a fresh 24-year high against the U.S. dollar today as the consumer prices in Australia soared above the market’s expectations in March and are now pressing on the central bank to go for the further interest rate hikes. March CPI was reported at 4.2% (annual rate) — highest inflation rate in more than 4 years. The market analysts expected a 4.0% growth rate. On the […]