# Australia’s Dollar Jumps On Inflation Surprise - Finimize

> Australia's April CPI rose 0.7% month on month, beating a 0.5% forecast, and annual inflation hit 3.6%. The Australian dollar spiked briefly, and futures now push expected RBA rate cuts to mid-next-year.

- Date: 2024-05-29 · published 2024-05-29T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/30532-australia-s-dollar-jumps-on-inflation-surprise-finimize
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Stronger-than-expected inflation shifts expectations toward tighter Australian policy, which supports the Aussie dollar. Feed buyers see little direct effect on grain prices.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- finimize.com: https://finimize.com/content/australias-dollar-jumps-on-inflation-surprise

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