Surge in AU Inflation Heightens RBA Rate Hike Expectations But Not a Game Changer for AUDUSD

This morning’s release of March quarter Australian inflation data smashed already elevated expectations. The stunning beat firms up the chances that the RBA will raise interest rates at its monthly board meeting next week for the first time since 2010. Headline CPI rose by 2.1% QoQ and 5.1% YoY, shattering the median consensus for a […]

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