Headline CPI is being forecast at 0.9% QoQ and the trimmed mean is being forecast at 0.7%. Anything higher than these will probably see the AUD/USD rally back through .9200 as the chances of a rate hike next week increase. A lower figure might well see stops under .9135 come into focus. Market reaction will tell us a lot.
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Australian CPI: 0.9% and 0.7% are the numbers to watch for
Australian CPI: 0.9% and 0.7% are the numbers to watch for
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