(Bloomberg) -- The Australian dollar fell from near a 17-year high after a government report said producer prices were unchanged in the first quarter. Government bonds rose.
The local dollar declined against all 16 most-traded currencies today as traders trimmed bets the Reserve Bank of Australia will increase the interest rate from a six-year high 6.25 percent, ahead of tomorrow's consumer price report. The zero increase in the producer price index compares to the economist estimate for a 0.6 percent quarterly gain.
Read more at Bloomberg Currencies News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment