April 28, 2010
Soft Fed Commentary Helps Drive Aussie and Kiwi Higher
Higher than expected inflation and soft Fed comments, helped to drive the AUD USD higher. On Wednesday, the Australian Dollar advanced from a four-week low after a
government report showed inflation almost doubled during the last quarter. This triggered a short-covering rally on renewed talk that the Reserve Bank of Australia would raise interest rates at its
May meeting.
After holding steady throughout the day, the Aussie …
