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AUD/USD little changed after the latest inflation data

The propsect of another on hold decision from the Reserve Bank of Australia at its next meeting (May 2) has increased following the latest inflation data. The RBA hiked rates 10 meetings in a row from May 2022 to March 2023 (the Bank meets once a month except in January). Then paused in April. Today's data:Australian Q1 Headline CPI 1.4% q/q (vs. 1.3% expected)Headline y/y was 7.0%, strongly indicating it has peaked. Core inflation in Australia is still elevated but looking at the January - Marc... Read More

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Posted: Apr 26 2023, 02:11

Author Name: forexlive

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