Spiga

All Eyes Now On Aussie 2Q CPI

Forex News Weaker than expected 2Q PPI means "much now depends" on 2Q CPI Wednesday, but correlation between both sets of data isn't necessarily close, says RBC Senior Strategist Sue Trinh; "high rents, healthcare, petrol costs and food will keep CPI elevated." Adds RBA remains on hold, closely watching impact from soaring terms of trade. Notes strong AUD helping in price rise battle. AUD/USD now 0.9748, from 0.9728 post data.




0 comments: