Aussie Sinks After Inflation Misses Expectations

Apr 24,2019 18:42   Source:Earnforex
The Australian dollar sank today after inflation data missed market expectations, fueling speculations about a potential interest rate cut from the Reserve Bank of Australia. The RBA reported that the Consumer Price Index was unchanged in the March quarter of this year after rising 0.5% in the December quarter of the previous year. Market participants were hoping for at least a 0.2% increase. The trimmed mean CPI rose 0.3%, while economists were […]

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