Plenty on the Q3 Australian CPI data today and the AUD/USD already:
- ForexLive Asia FX news: Australia headline inflation jumps, but core subdued (CBA and Citi still calling an RBA cut on November 1)
- Australia Q3 inflation data - More responses
- AUD orders post-data: AUD/USD post CPI, sellers above 0.7700
- Responses, part 1: Australia Q3 inflation data - responses
- DATA: Australia Q3 CPI: 0.7% q/q (expected 0.5%) Third quarter 2016 inflation data
But ... if you want more ...
Macquarie:
- Risk of a surprise November rate cut from the RBA has diminished
- The exchange rate, oil prices, the unemployment rate, and recent GDP growth do not, in our view, suggest enough downside pressure on the RBA's prospective November forecast revision to compel a rate cut
Barclays:
- We think higher headline inflation is driven by temporary factors (adverse weather conditions), which pushed up fresh food prices
- Underlying inflation pressures remain low
- Australia's economic outlook appears resilient to external shocks
- Unless there is significant AUD appreciation, we think the RBA sees no urgency to ease further
- We continue to expect the RBA to stay on hold through 2016
