The data is here, mainly lower than Q3, lower than market expectations, and lower than RBA projections.
Australian Q4 2024 inflation headline 2.4% y/y (expected 2.5%)A very satisfactory trifecta indeed.
Australian government subsidies helped put a lid on costs. Nevertheless, a slowdown in core inflation is fuelling speculation of a cut in interest rates as early as next month. The Reserve Bank of Australia meet on February 17 and 18.
AUD/USD marked lower:
This is a one minute candle chart, so if you are lying in bed it'll give you a bit of picture of what happened after the data.
If you are lying in bed, go to sleep or you'll be grumpy tomorrow and do revenge trading. AmIright or amIright?
This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about aud usd has dropped after the better than expected q4 inflation data from australia 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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