Australian Treasurer Chalmers says there is a long way to go to beat inflation

Australian Treasurer Chalmers speaking after the CPI data published earlier today:

• Australian Q2 Headline CPI 0.8% q/q (vs. 1.0% expected)

• AUD/USD marked lower after better than expected (with a caveat) inflation data

AUD - decline in inflation should be enough to keep the RBA on hold at their next meeting

Chalmers:

• says there is a long way to go to beat inflation
• inflation is moving in the right direction

AUD/USD update, clawing back some of the earlier loss: