Daily Market Updates: Australian Dollar edges higher as hot CPI inflation and hawkish RBA lift rate hike bets

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Australian Dollar edges higher as hot CPI inflation and hawkish RBA lift rate hike bets

Reported · Written up by our desk · Major Pairs

The AUD/USD pair gathers strength to near 0.7035 during the Asian trading hours on Friday. The Australian Dollar (AUD) edges higher against the US Dollar (USD) as hotter Australian CPI inflation data has bolstered expectations of Reserve Bank of Australia (RBA) rate hikes.

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FXStreetAustralian Dollar edges higher as hot CPI inflation and hawkish RBA lift rate hike bets

Forex

Australian Dollar edges higher as hot CPI inflation and hawkish RBA lift rate hike bets

More like this

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