The Australian dollar has started today's session with an incline against the majors specifically against its counterparts the greenback and the Japanese yen, as gains in stocks worldwide which increased the demand for higher-yielding currencies such as the Aussie.

Moreover, the Australian dollar recorded a new several years high against the US dollar at 1.0415, after the Australian economy released its MI inflation gauge for the month of March which increased to 0.6% from 0.2% in February.