AUD/USD flows: Monthly CPI Continues to Moderate

The Australian October monthly CPI continues to stay low at 2.1% y/y, however the RBA has shaken off anticipation of early easing by suggesting government energy subsidy have taken some weight out of the inflationary burden for Australians. The RBA trimmed mean remain high and RBA sees the first cut to be in the middle of 2025.

AUD/USD is trading 0.03% lower at 0.6472.