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Aussie Q4 CPI will impact on the AUD today. What will happen?
Australian Q4 CPI is out at 0030GMT, here’s the earlier preview, and here’s Adam’s even earlier. New Zealand Q4 CPI came out yesterday, higher than expected, which sent the kiwi flying. The main points: annual increase in the CPI the highest since March 2012 quarter ‘Tradeables’ inflation -0.5% q/q. this is not as much of a fall as was expected. Says Westpac: “Most of the surprise relative to our forecast was in tradeables inflation, particularly airfares, household items and recreational goods. This points to muted pass through from the strong exchange rate” tradables inflation fell the most since 2007 ... (full story)
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