Published: 2024-02-28T05:26:52.000Z
AUD/USD flows: Monthly Inflation Lower
FX Analyst
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January monthly inflation 3.4% y/y (vs. 3.6% expected)
Chinese developer Country Garden Holdings said a liquidation petition has been filed against it
Hong Kong’s budget says that all demand side property cooling measures will be abandoned
The latest Australian monthly inflation came in at 3.4% y/y vs. 3.6% expected. It continues to support RBA's decision to keep rates on hold. Regionally, we have headlines that the Chinese developer Country Garden Holdings said a liquidation petition has been filed against it and Hong Kong’s budget says that all demand side property cooling measures will be abandoned. Regional sentiment remains soft, though partial losses have been recovered.
AUD/USD is trading 0.42% lower at 0.6516.