# Australian Dollar Bid as Investors Ramp up 2022 Hike Bets Following Inflation Data

> Australian third-quarter CPI rose 0.8% quarter on quarter and 3.0% year on year, in line with expectations. The trimmed mean measure beat forecasts at 0.7% against 0.5%. Markets then priced in about 88 basis points of RBA hikes for 2022.

- Date: 2021-10-27 · published 2021-10-27T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/44814-australian-dollar-bid-as-investors-ramp-up-2022-hike-bets-following-inflation
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Hotter inflation and expected rate hikes lift the Australian dollar, which makes Australian grain and barley less competitive on export markets.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/aud/16112-australian-dollar-bid-as-market-ramp-up-2022-hike-expectations-following-inflation-data

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