{video} Australia will report inflation numbers for the first quarter on Wednesday at 0130 GMT, providing investors with a vital piece of information ahead of the Reserve Bank of Australia’s policy meeting on May 7. With rate cut odds easing slightly following some upbeat economic indicators out of China recently, a weaker-than-expected price reading on Wednesday could lead to some of these bullish bets being pared back. Hence, the Australian dollar will be sensitive to any surprises in the data. Inflation in Australia has barely stood inside the RBA’s 2-3% target band since the end of 2014 and likely weakened ... (full story)