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MUFG: AUD near-term setback after yesterday's CPI data, ahead of the RBA meeting next week

Yesterday we had better-than-expected (headline) inflation data from Australia:ForexLive Asia-Pacific FX news wrap: Australian inflation surge slows a littleThis trimmed back expectations for a rate hike from the Reserve Bank of Australia at their next meeting, coming up on July 4. Not everyone shares that assessment though:ANZ still expect a rate rise from the RBA next week, a +25bp cash rate hikeMUFG note that Australian headline inflation slowed more than expected, dropping even further below... Read More

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Posted: Jun 28 2023, 21:58

Author Name: forexlive

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