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AAP
AAP
Derek Rose

Aussie dollar breaks barrier as greenback loses shine

United States Besa Deda Australia Australian Dollar Matt Simpson Susie Dodds US Dollar
The Australian dollar is taking ground off the greenback as it continues to perform well. (Dan Himbrechts/AAP PHOTOS)

Australia's currency hit a near three-year high against its American counterpart after sticky inflation data raised the odds the Reserve Bank will soon raise interest rates.

The Aussie jumped from 69.93 US cents to 70.22 US cents in just two minutes late Wednesday morning immediately after the release of the consumer price index readout.

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