 Australian Dollar is having a modest bounce today after stronger-than-anticipated inflation figures. The data also revealed re-acceleration of inflation for the second consecutive month, with core inflation measures also rising. While most economists still view a further rate hike by RBA as unlikely, today's surprising data suggests that such a move can no longer be completely ruled out. The prospect of a near-term rate cut has now significantly diminished. Inflation could remain at elevated levels longer than previously expected, with stubbornly high service inflation and a reversal in goods disinflation trends. Despite the positive move in Aussie, its rally has been limited by a rebounding Dollar driven by mild risk aversion in the markets... | 
