Australia’s consumer inflation rose by 3.6% in April. Expectations for a rate hike by the RBA in September rose from 12% to 20%. The US CB consumer confidence report revealed a jump from 97.5 to 102.0 in May. The AUD/USD price analysis shows mild bullish sentiment as investors absorb news of higher-than-expected inflation in Australia….
The post AUD/USD Price Analysis: Australia’s Inflation Report Surprises appeared first on Forex Crunch.
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