AUD Climbs Amid Hopes of RBA Rate Hike Following Stronger-Than-Expected CPI Report
The Australian dollar strengthened against other major currencies in the European session on Thursday, following the release of a hotter-than-expected Australian Consumer Price Index (CPI) report for July.
Australian headline inflation eased from 3.8% YoY in June to 3.5% YoY in July, while trimmed mean inflation held steady at 3.6% YoY.