AU inflation is the biggest domestic event for a small week:
There’s not a huge amount of top-tier data this week, which will also be cut short to four days due to the long Easter weekend. Of course, the standout event domestically is the monthly CPI report. The RBA still deem inflation as “too high” so softer figures will be welcomed, but we really need to see falling inflation alongside a notably weaker jobs market before we can get too excited about RBA cuts, I my opinion.
The fact is that inflation remains above the RBA’s 2-3% target, and the rate that is slows is also declining. If it is too high now, what if it ticks higher like we saw in the US? It is certainly not impossible. And that would surely further support the Australian dollar.![]()
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The fact is that inflation remains above the RBA’s 2-3% target, and the rate that is slows is also declining. If it is too high now, what if it ticks higher like we saw in the US? It is certainly not impossible. And that would surely further support the Australian dollar.
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