Australian Dollar Surges up Due to Increased Inflation of 2.2% in the Country

  • Apr 29, 2020 AEST
  • Team Kalkine

The Australian Dollar on Wednesday 29 April 2020 rose slightly up driven by the increase in the inflation in the country by 2.2% in Q1 2020. As per the report released by the Australian Bureau of Statistics, the consumer price index soared by 0.3% as compared to the previous quarter, impacted by the drought and bushfire on some food prices as well as early effects of COVID-19.

The current AUD/USD exchange rate is ~ 0.65

 


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