Austrlaian Monthly CPI moderates to 3.5% from 3.8%
The July Australian monthly CPI arrived at 3.5% y/y, a moderation from 3.8% but still higher than the 3% target range of RBA. It supports RBA’s rhetoric to push back easing.
AUD/USD rose to 0.6812 before retracing to 0.6797 now.
