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Australia Q2 CPI preview - Make or break time for an August RBA hike
On 31 July (at 11:30 AEST) traders will need to prepare for the Australia Q2 CPI print. It is a clear event risk, where the outcome of the inflation print could significantly impact expectations for policy action at the 6 August RBA meeting. By extension, the CPI print holds the potential to promote a knee-jerk reaction in the AUD FX pairs, the AUS200 and ASX200 interest-rate-sensitive equities (such as consumer stocks, banks, and REITS). The RBA has recently guided that the bank remains vigilant to upside risks to inflation, and that “uncertainty at present meant it was difficult either to rule in or rule out ... (full story)