FW: [Maybank] AUD Lower On Disappointing CPI

 

 

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 ... Saktiandi Supaat    (65) 6320 1379    saktiandi@maybank.com.sg Leslie Tang    (65) 6320 1378    leslietang@maybank.com.sg Disclaimer This message is intended only for the use of the person to whom it is expressly addressed and may contain information that is confidential and legally privileged. If you are not the intended recipient, you are hereby notified that any use, reliance on, reference to, review, disclosure or copying of the message and the information it contains for any purpose is prohibited. If you have received this message in error, please notify the sender by return e-mail immediately and delete all its contents. If you wish to read Disclaimer in details, please click HERE. To unsubscribe or change preference settings, please click here to contact your representative.