Australian inflation for Q2 rises 0.9% and 3.6% Y/Y, ahead of expectations. "A disaster for the...

|By:, SA News Editor

Australian inflation for Q2 rises 0.9% and 3.6% Y/Y, ahead of expectations. "A disaster for the market and those hoping for a near-term rate cut," says Goldman Sachs. The aussie skyrockets to a new record vs. the dollar and shares -0.8%, with banks and currency-sensitive stocks hit hardest.