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Aussie Jumps on Hot CPI as Dollar Firms Ahead of Jackson Hole

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • The Australian dollar jumped to a three-month high following hotter-than-expected trimmed mean CPI inflation, increasing RBA rate hike bets.
  • Concurrently, the US dollar edged higher against major peers including the euro, pound, yen, and Swiss franc ahead of key PCE inflation data and the Jackson Hole symposium.
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AUDUSD price history

0.72 +9.09% over the displayed period

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