AUD/USD flows: Q4 CPI Stays Below 3%

The headline Q4 CPI came in lower at 2.4% y/y, stays below the 3% upper bound of RBA target range. The more important trimmed mean treads lower from 3.5% in Q3 to 3.2% in Q4. This points toward the likelihood of RBA easing earlier than mid 2025 as CPI cools.

The Aussie fell on the release and see AUD/USD is down 0.32% to 0.6232.