Forex Outlook: A short review on Aussie

The Australian dollar moved up against the greenback with an increase of 0.3 % to 93.52 U.S. Cents. 

The expectations of the economists on the increase in the core consumer prices moved up by 2.9% in the first quarter. This is much higher than the 2.6 % gain in the previous period. 

The RBA is expecting the inflation to remain constant for the next 2 years. In a meeting on April 1, the central bank has stated that the interest rates are to be kept steady. The annual inflation expected by RBA is around 2 to 3 %. 

In a statement by Stan Shamu, a market strategist at IG Ltd. In Melbourne, revealed that the RBA shall remain fairly neutral until the prices starts hitting high. The Australian dollar received its short term support from the conditions prevailing now.