Australian Dollar Falls on Fading Rate Hike Outlook as CPI Disappoints (DailyFX)

The Australian Dollar dropped over 1 percent against its US counterpart after Consumer Price Index figures disappointed in the second quarter, crushing interest rate hike expectations.

This entry was posted on Tuesday, July 27th, 2010 at 11:23 pm and is filed under Currencies, General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.