Australian dollar dips as monthly CPI falls short of expectations

The Australian dollar had dribbled a little lower heading into the CPI data and it dipped a little more in response to the lower than was expected headline:

But enough of the caveats, a December (meeting on the 5th) rate hike from the Reserve Bank of Australia now looks very unlikely indeed.

As I noted earlier the monthly data is incomplete, we’ll have to wait for the quarterly for a better read. that’s not until January 31 2024 for the Q4 CPI q/q. The RBA then meet on February 5 and 6.

This article was written by Eamonn Sheridan at Source