Wednesday, October 25, 2017

FW: [Maybank] AUD Lower On Disappointing CPI

 

 

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GBL: AUD Lower On Disappointing CPI

Global Markets Daily
by Saktiandi Supaat

FX Research

AUDUSD plunged 0.8% to an intraday low of 0.7722 this morning amid lower than expected CPI readings. CPI rose by 0.6% q/q (2Q: 0.2%) compared to estimates of 0.8%. On a y/y basis, CPI fell by 1.8% in 3Q (2Q: 1.9%), against estimates of 2.0%. Driving inflation lower was food prices and fuel costs. This softer data could potentially induce a further pause on investors' expectation of a rate hike in 2H 2018, and even a revision of RBA's inflation target ...

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