Aussie recorded all time high at 1.1079

Wednesday, 27 July 2011 11:38

Earlier today, news on Australian CPI were released.  The report was higher than expected in the month of June.  In the second quarter on 2011, the Consumer Price Index increased by 0.9%, contradicting the forecasted 0.7% value. 

Aussie spiked after the news to flame passed its all time high, marking a new all time high at 1.1061 versus the U.S Dollar, then jumped furthermore to 1.1079 at Tresurer Swan's comment who stated that there would be no intervention to adjust the Aussie Dollar.