India, April 30 -- The Australian dollar strengthened against other major currencies in the Asian session on Wednesday, following the release of a slight firmer than expected consumer price data.
Data from the Australian Bureau of Statistics (ABS) showed that the country's Consumer Price Index (CPI) increased 0.9 percent quarter-over-quarter in the first quarter of 2025, surpassing forecasts of a 0.8 percent increase and up from 0.2 percent in fourth quarter of 2024.
In Q1, the CPI increased 2.4 percent on an annual basis, exceeding the 2.2 percent prediction. While the Reserve Bank of Australia's (RBA) Trimmed Mean CPI increased 2.9 percent year over year in March, the monthly CPI remained stable at 2.4 percent year over year.
Meanwhile...