AUD/USD little changed after the Australian inflation data - minor wobble ...Middle East

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AUD/USD little changed after the Australian inflation data - minor wobble
The Australian inflation data came in around expectations, and not enough to move the needle on RBA rate hikes:Australian Q3 inflation headline 2.8% y/y (expected 2.9%)You'll see in that data post that the monthly reading was a very nice 2.1%, but it's the quarterly, headline 2.8%, core 3.5%, that is (are) the official number(s). The headline was the lowest since early back in 2021. However, core stayed elevated above the top of the RBA's target band , this is 2 to 3% (in a nutshell). Headline inflation was driven lower by government cost-of-living subsidies and lower petrol (gasoline for those that spell it like that) prices. Services inflation remains sticky high.As I said earlier:The Rese

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