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.
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. Read More Details
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