# Australian dollar jumps, bonds slump as markets say goodbye to rate cuts - Markets - Business Recorder

> The Australian dollar rose about 0.5% to $0.6520 after first-quarter consumer prices rose 1.0%, above forecasts. Bond yields jumped and markets priced out nearly all chances of a Reserve Bank of Australia rate cut this year.

- Date: 2024-04-24 · published 2024-04-24T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/30987-australian-dollar-jumps-bonds-slump-as-markets-say-goodbye-to-rate-cuts-markets
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Hotter inflation supports a stronger Aussie and higher-for-longer rates, a currency move with limited direct effect on feed grain or meal prices.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40300081

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