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Australian CPI Increase Heightens Chance RBA Will Hike Next Week
01/27/10 by Daily Forex Snapshots
Filed under Forex & Futures
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AUDUSD is slightly higher today (touching a high of 0.9045) after fourth quarter CPI came out stronger than expected at an annualized pace of 2.1%; above the RBA’s inflation target of 2-3%. Markets are now pricing in a 73% chance of another 25bp hike when the RBA convenes on 2nd Feb, which if realized would represent the fourth rate rise in as many meetings. The JPY is also stronger today as risk… | ||||||||||||||||||||
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