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