AUD/USD Surges on Surging Australian Inflation: Market Eyes Rate Hike in the Horizon
AUD/USD climbs as stronger-than-expected Australian inflation data boosts market bets on an earlier RBA rate hike. Q4 CPI rose 0.6% quarter-on-quarter and 4.1% year-over-year, signaling persistent price pressures. Traders reposition amid renewed hawkish sentiment for the RBA.
