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AUD/USD jumped higher on Australian inflation data, November 7 rate hike is likely now.
The data is here:Australian Q3 2023 Headline CPI +1.2% q/q (vs. 1.1% expected)TL;DR is of higher than expected inflation data from Australia. Right across all three measures: headline trimmed mean (a core inflation measure) weighted median (another core inflation measure)The Reserve Bank of Australia next meet on November 7. The Q3 CPI data was the last critical piece of info before heading into this meeting and its not encouraging. You'll recall the words from the minutes of the October meetin...
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Posted: Oct 25 2023, 00:42
Author Name: forexlive
Views: 111054