Author: Mack

Perth, Australia – February 28, 2025 – Parker Blackwood Advisers provides insights into the recent decline of the Australian dollar following the release of lower-than-anticipated Consumer Price Index (CPI) data for January. The Australian Bureau of Statistics reported that the annual headline inflation rate remained steady at 2.5%, below market expectations of 2.6%. Core inflation, excluding volatile items and holiday travel, edged up to 2.9% from 2.7% in December. In response, the Australian dollar experienced a 0.37% decline, trading at 0.6320 against the U.S. dollar. Leigh Jamieson, CEO of Parker Blackwood Advisers, commented on the currency’s movement: “The softer-than-expected inflation…