# Australian dollar jumps as shock inflation data sends yields higher  - The Business Times

> Australian CPI rose to 7.8% year-on-year in the December quarter, a 33-year high and above the 7.5% consensus. The result pushed the Aussie up nearly 1% to US$0.7114 and lifted bond yields as markets priced a high probability of another RBA hike.

- Date: 2023-01-25 · published 2023-01-25T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/38026-australian-dollar-jumps-as-shock-inflation-data-sends-yields-higher-the
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Higher Australian rates tend to support the AUD through yield differentials. The move has no direct bearing on feed grain or protein supply and demand.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/international/australian-dollar-jumps-shock-inflation-data-sends-yields-higher

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