Wed, 24 Jul 2013 08:06:08 GMT
Aussie falls after CPI leaves room for lowering rates
The Australian currency declined, as new inflation report came in under forecasts, allowing the Reserve Bank of Australia to cut interest rates at the next meeting on August 6. The Australian Dollar retreated 0.34% to $0.9263 versus the greenback and contracted 0.25% to A$1.4259 versus the common currency. Yearly CPI declined to 2.4%, missing analysts estimates of 2.5%.