Markets

Australian dollar rises after inflation data

Published July 23, 2014 Updated July 23, 2014 03:53am

1 min

By Shoaib Ur Rehman

WELLINGTON: The Australian dollar gained more than a quarter of a cent on Wednesday after inflation data came in stronger than expected.

The headline figure was in line with expectations but underlying measures were stronger than forecast.

The Aussie hit a high of $0.9434 from $0.9388 before the data.

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