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AUD/USD weekly outlook: US inflation, AU jobs figures to drive AUD
The RBA are in no rush to cut rates if we’re to believe their statement and press conference from their last meeting. And that is likely to be the message sent from the RBA’s head of economic analysis next week at the annual ABE forecasting conference (Australian Business Economists). The RBA released their quarterly Statement on Monetary Policy (SOMP) at their last meeting, and whilst it shows slightly lower CPI expectations, their statement retained a hawkish bias as inflation remains “too high”. I therefore see little chance of a dovish surprise from their chief economist next week. NAB business ... (full story)