AUD falls sharply as inflation data moves rate hike chances to zero | Finance Report | ABC NEWS
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The Australian dollar fell sharply after unexpected inflation data had traders cancel their predictions of a June rate hike. April's inflation rate fell to 4.2%, down from 4.6% recorded in March. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-05-27/asx-markets-business-live-news-may-27/106725674 Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia #ABCBusiness
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