(Bloomberg) -- The Australian dollar was little changed ahead of a government report which may show consumer prices were lower than expected in the first quarter, prompting investors to curb expectations of higher interest rates.
The consumer price index, the key inflation gauge, probably gained 0.6 percent in the first quarter after falling 0.2 percent in the previous three months, according to economists. Australia's dollar fell the most in two months yesterday after producer prices were unchanged in the three months ended March 31 compared with the 0.6 percent rise expected by economists.
Read more at Bloomberg Currencies News
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