The Australian dollar’s late 2023 rally faces a new hurdle this week with inflation data expected to strengthen the case for earlier interest-rate cuts by the Reserve Bank. The Aussie jumped nearly 10% against the greenback from late October through December as the RBA sounded hawkish while traders priced Federal Reserve rate cuts this year. The rally may struggle to extend if November inflation data Wednesday provides room for the central bank to soften its tone and prompts the swap market to price the first RBA interest-rate cut earlier than in June. “Market pricing for RBA interest rate cuts looks far too hawkish ... (full story)