In their most recent policy announcement, the RBA seemed to temper expectations for future easing. However, could a disappointing Australian CPI report revive hopes for more accommodative measures?
In our Event Guide for Australia’s CPI, we highlighted the possibility of inflation measures and commodity prices falling, which could lead to unexpected downside news.
If this materializes, I’ll be keeping a close eye on GBP/AUD and AUD/JPY exchange rates.
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