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Australian inflation surprised soft across the board: headline CPI fell 0.1% m/m versus +0.2% expected, June annual CPI printed 3.8% against 4.0% consensus, and the RBA's trimmed mean eased to 3.6% y/y from 3.7% expected. The miss unwinds the modest pricing for a near-term RBA rate hike, which pressures AUD and Australian front-end yields while marginally supporting global risk appetite as another major central bank moves off the hawkish tail. Watch the RBA's next meeting language and Q3 inflation data to confirm whether the bank shifts from a hold-and-watch stance toward eventual easing.
As a Macro signal, watch whether it changes price action, volatility, or flows around AUDUSD=X.
Original Source: InvestingLive News
This page is market information analysis, not investment advice.
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