# Australian Dollar Climbs On Surprising Inflation Spike - Finimize

> The Australian dollar rose about 0.4% to $0.6675 after May inflation came in at 4.0%, above the 3.8% forecast. Core inflation reached 4.4%, and three-year bond futures fell sharply. Market odds of an August RBA hike jumped from 12% to 39%.

- Date: 2024-06-26 · published 2024-06-26T12:00:00.000Z
- Category: macro · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/30058-australian-dollar-climbs-on-surprising-inflation-spike-finimize
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A hawkish RBA surprise lifts the Aussie and shifts rate expectations, which affects Australian export pricing and the cost of imported feed inputs. The impact on grain and oilseed prices is indirect and modest.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- finimize.com: https://finimize.com/content/australian-dollar-climbs-on-surprising-inflation-spike

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.