# Australia dollar falters, bonds rally after core inflation surprises to downside - Markets - Business Recorder

> The Australian dollar slipped 0.2% to $0.6614, its weakest since mid-March, while bonds rallied after first-quarter core inflation came in below forecasts. Futures priced only a 9% chance of a May rate hike, down from about 20% before the data.

- Date: 2023-04-26 · published 2023-04-26T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/36643-australia-dollar-falters-bonds-rally-after-core-inflation-surprises-to-downside
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Softer rate-hike expectations weaken the AUD, which is a currency signal rather than a direct feed commodity move; a weaker AUD marginally supports Australian grain and barley export competitiveness.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40238891

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