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Published: 2024-01-10T05:13:25.000Z

AUD/USD flows: Monthly CPI Lower Than Estimates

byCephas Kin Long Yung

FX Analyst
-

Australian November CPI 4.3% y/y (expected 4.4%)

Australian November CPI continue to moderate as we forecast to 4.3% y/y from 4.9%, just shy of 4.4% expected. While monthly CPI is not a s comprehensive as the quarterly CPI, it provides us with a good direction of where Q4 CPI is heading, which is a resumption to the previous downtrend after an energy led spike in Q3. Regional equities have reversed early optimism to trade close to unchanged while commodity prices remain steady. 

AUD/USD is 0.24% higher at 0.6702.

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Topics
FX DM
AUD/USD-Commentary
Foreign Exchange
Flows

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