AUD slow move higher. RBA rate cut expectations have been pared back, but not by everyone.

Author: Eamonn Sheridan | Category: Central Banks

The Australian dollar is up a little on the session, in a small range admittedly:

The Australian dollar is up a little on the session, in a small range admittedly:
A positive for it today is the easing in coronavirus fears. While new cases were reported earlier these are fewer than in the previous day, so perhaps some relief ahead. We'll see.

Another factor helping it along is a reduction in expectations for a Reserve Bank of Australia interest rate cut next week (meeting is February 4):
As the headline says though, not everyone is in agreement with the delay, NAB and Deutsche Bank both still expect a cut next week.

Rate cut expectations have been scaled back today after the inflation data:
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