AUD/USD has dropped after the higher than anticipated This autumn inflation knowledge from Australia

The information is right here, primarily decrease than Q3, decrease than market expectations, and decrease than RBA projections.

• Australian This autumn 2024 inflation headline 2.four% y/y (anticipated 2.5%)

A really passable trifecta certainly.

Australian authorities
subsidies helped put a lid on prices. Nonetheless, a slowdown in core
inflation is fuelling hypothesis of a reduce in rates of interest
as early as subsequent month. The Reserve Financial institution of Australia meet on February 17 and 18.

AUD/USD marked decrease:

This can be a one minute candle chart, so if you’re mendacity in mattress it will offer you a little bit of image of what occurred after the information.

In case you are mendacity in mattress, fall asleep otherwise you’ll be grumpy tomorrow and do revenge buying and selling. AmIright or amIright?

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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