AUD/USD Shorts Bear the Brunt of Hot CPI, Renewed RBA Hike Bets

Australian inflation came in hot enough to revive RBA hike expectations, with trimmed mean CPI rising 0.5% m/m and annual underlying inflation holding at 3.6%. Australian bond yields jumped after the release, while renewed policy tightening risk added further pressure to elevated AUD/USD short positions.

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Source: Forexcom

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Category Forex

Source Forexcom

Published 4 weeks ago

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News ID #10,623

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