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AUD/USD Price Analysis: Australia’s Inflation Matches Forecast

by Forex Crunch
September 27, 2023
in Forex Analysis
Reading Time: 1 min read

Australia’s monthly consumer price index (CPI) increased by 5.2% year-on-year. Core inflation in Australia dipped from 5.8% to 5.5%. Market pricing suggests an RBA rate hike is not likely until May next year. The AUD/USD price analysis indicates a bearish sentiment, primarily due to Australia’s August inflation data aligning with forecasts and a decrease in…
The post AUD/USD Price Analysis: Australia’s Inflation Matches Forecast appeared first on Forex Crunch.
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