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Nov 26 - 09:55 PM

AUD/USD - Mostly Unchanged After Oct CPI Misses Expectations

By Krishna K  —  Nov 26 - 07:55 PM
  • AUD/USD unchanged in Asia, recovers from small dip after release of Oct CPI

  • Australia's Oct CPI 2.1% Y/Y vs 2.3% expected, prior 2.1%

  • But trimmed mean CPI at 3.5% VS 3.2% prior as inflation remains sticky

  • Feb RBA rate cut probability now at 25% from 27% earlier 0#AUDIRPR

  • 25 bps rate cut not fully priced in till May 2025

  • Trump's tariffs threats, scaling back of Fed rate expectations cap rallies

  • RBA's hawkish stance supports; Asia range 0.6457-0.6459

  • Support 0.6430-35, 0.6400-05, resistance 0.6500-05, 0.6525-30

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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