Australian Trimmed Mean CPI quarterly 3.8% y/y (expected 3.6)

This is just a data post, I’ll be back with detail and analysis separately.

In brief, nearly all the readings are higher than expected. Its increasingly looking like a February 3rd rate hike from the Reserve Bank of Australia.

AUD/USD jumped to its highest since February 2023 above 0.7022.

This article was written by Eamonn Sheridan at investinglive.com.