The Business Times
business-time-50

Australian dollar drops sharply after soft inflation data

Published Wed, Apr 27, 2016 · 02:14 AM

    [SYDNEY] The Australian dollar dropped two-thirds of a US cent on Wednesday after a lower-than-expected inflation reading saw markets calculating an increase in the risk of an interest rate cut.

    The Aussie fell to US$0.7678 to show a loss of 0.9 per cent on the day. It touched a 10-month peak of US$0.7836 last week.

    REUTERS

    Australian dollarUS dollar

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    Construction of a 2 GW converter platform for the Netherlands’ national grid operator Tennet at Seatrium’s yard in Admiralty, Singapore.

    World’s largest offshore wind platform by Seatrium consortium on track to be completed by 2028

    Stanley Gibbons will hold its inaugural philatelic live auction, The Orchard Road Collection of Malaya Revenues, on Oct 29.

    Is stamp collecting enjoying an analogue revival or are its best days over?

    The 38 officers leaving GovTech were primarily in roles structured around traditional project delivery.

    GovTech retrenches another 38 staff in second round of layoffs

    MBS’ net revenue is down 9.9% year on year at US$1.29 billion.

    MBS adjusted property Ebitda falls 20.6% in Q3 with fewer high-roller visits, weaker hold

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More