Australian consumer prices rose in the fourth quarter, driving the local currency higher as investors increased bets the central bank will raise interest rates as early as next week.
The consumer price index climbed 0.5 percent from the third quarter, when it gained 1 percent, the Bureau of Statistics said in Sydney today. The median estimate of 20 economists surveyed by Bloomberg News was for a 0.4 percent increase. Prices advanced 2.1 percent from a year earlier.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.