Today’s inflation report is one that matches Australia’s weather. Hot. Choose your flavour – core CPI, trimmed mean or weighted – they’re all above expectations with no obvious signs of a ‘peak’ in sight. And that has seen any hopes of an RBA pause at their February meeting evaporate, topple the ASX 200 from its arguably overbought highs and send the Aussie higher. With higher interest likely coming for Australia, China’s reopening and higher base commodity prices, the Australian dollar could be a tough currency to bet against. {chart} Prior to the meeting there were come hopes that inflation could soothe following ... (full story)