Data is here:
Australia headline and core inflation above RBA target.Trimmed Mean (core) was 0.8% q/q vs. 0.9% expected and prior 0.9%. March month headline 4.6% vs. 4.7% expected.
This seems to be the narrative for the drip in the AUD.
Australia’s Treasurer Chalmers says the Treasury expects inflation to peak at higher levels.
RBA 25bp hike on May 5 is still live:
This article was written by Eamonn Sheridan at investinglive.com.