Aussie Inflation Falls, Dragging the Aussie Dollar Down
Posted on April 24, 2012 at 11:52 AM EDT
The Aussie inflation report that printed last night certainly is going to give my thought of no rate cut a lot of problems. Aussie first-quarter CPI rose just 0.3% from the previous quarter. The forecasts ranged from 0.5-0.6%, so the lower inflation is going to be the straw that stirs the drink for the Reserve [...] Aussie Inflation Falls, Dragging the Aussie Dollar Down originally appeared in the Daily Reckoning . The Daily Reckoning, published by Agora Financial provides over 400,000 global readers economic news, market analysis, and contrarian investment ideas. Recently Agora Financial released a video titled " What is Fracking? ".