Australia's consumer price inflation remained unchanged in February, data from the Australian Bureau of Statistics showed on Wednesday. The monthly consumer price index posted an annual increase of 3.
The Australian dollar has lost ground after Australia's CPI was lower than expected. In the European session, AUD/USD is trading at 0.6578, down o.37%. The Aus
Australia's consumer price inflation softened to the lowest in nearly two years in November, figures from the Australian Bureau of Statistics showed on Wednesday.
The Australian dollar has rebounded on Wednesday. In the European session, AUD/USD is trading at 0.6705, up 0.28%. Australian CPI eases to 4.3% Australia
Faster-than-expected inflation is likely to force the Reserve Bank of Australia to deliver a 25 basis point rate hike in November, which could be the last in the current tightening cycle.