Newsig · Forex News
Australia August CPI 4.0% as fuel jumps, trimmed mean below forecast at 0.2% m/m
The Australian dollar was lower after the data, as the softer-than-expected monthly trimmed mean reading was seen as the more encouraging signal for inflation. The market is pricing only around a 25% chance of a November hike, well below Westpac's stated base case that the RBA follows up next month,
Why it matters
AUD/USD (Australian Dollar / US Dollar) · Why linked: Australian CPI release directly impacts AUD valuation and rate expectations. Market context: Softer-than-expected trimmed mean CPI strengthens the case for RBA to hold or cut, weighing on the Australian dollar.
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