Headline inflation quickened to 3% y/y, the fastest pace in a year:
above the 2.9% consensus
The data effectively rules out a rate cut at next week’s RBA meeting (Sept 29–30) and has trimmed market pricing for a November cut to around 50% from 70%. The Australian dollar jumped on the release and extended gains to above 0.6620. Australian equities subsided.
The USD broadly firmed during the session, though AUD was a clear outperformer. Equities traded mixed. In crypto, Tether is reportedly targeting a US$500 billion valuation in a major capital raise.
Asia-Pac stocks:
Japan (Nikkei 225) -0.25%Hong Kong (Hang Seng) +0.72%Shanghai Composite +0.46%Australia (S&P/ASX 200) -0.97% This article was written by Eamonn Sheridan at investinglive.com.Hence then, the article about investinglive asia pacific fx news wrap aud jumps after hot cpi data trims rba cut bets was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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