The Australian dollar shot up to 0.7834 AUDUSD following poor and disappointing US economic and inflation data released on Friday. This inflation data is likely to complicate the Fed’s path of monetary tightening and retail data suggests that Americans are pulling back their spending. The discouraging data indicated that last month was only the fifth […] The post The AUD/USD at 0.78? Well that escalated quickly. appeared first on Forex Crunch.