THE Australian dollar is lower after the US dollar gained on the back of strong inflation figures.
At 0630 AEST on Monday, the local unit was trading at 78.26 US cents, down from 79.12 cents on Friday.
US consumer prices rose for a third straight month in April. Minus food and energy, the “core” consumer price index (CPI) rose 0.3 per cent, the largest increase since January 2013.
CURRENCY SNAPSHOT AT 0630 AEST ON MONDAY
One Australian dollar buys:
* 78.26 US cents, from 79.12 cents on Friday
* 94.11 Japanese yen, from 95.67 yen
* 71.13 euro cents, from 71.07 euro cents
At 0630 AEST on Monday, the local unit was trading at 78.26 US cents, down from 79.12 cents on Friday.
US consumer prices rose for a third straight month in April. Minus food and energy, the “core” consumer price index (CPI) rose 0.3 per cent, the largest increase since January 2013.
CURRENCY SNAPSHOT AT 0630 AEST ON MONDAY
One Australian dollar buys:
* 78.26 US cents, from 79.12 cents on Friday
* 94.11 Japanese yen, from 95.67 yen
* 71.13 euro cents, from 71.07 euro cents
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