The Australian dollar continues its ascent against the US dollar. The current AUD/USD exchange rate is 0.6400.
On Wednesday morning, the Aussie surged to a two-week high following the release of Australian inflation data that exceeded expectations.
Earlier this week, RBA Chair Michele Bullock stated that the central bank would swiftly raise interest rates if inflation data indicated an uptick. Currently, the Australian interest rate stands at 4.1% per annum.
For instance, the Q3 CPI dropped to 5.4% from the previous 6.0%. However, it outperformed the forecasted 5.3%.
The AUD/USD pair is riding an upward wave.
منبع: https://blog.roboforex.com/blog/2023/10/25/aud-received-an-inflation-boost-overview-for-october-25-2023/
