Australian dollar hits nine-week low after CPI misses forecasts
August CPI rose 0.4% versus 0.5% expected, lifting the annual rate to 4.0%. Core inflation rose 0.2% versus 0.3% forecast.
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Australia inflation accelerates in August; core stays stubbornly high
Australia's consumer inflation accelerated in August as fuel costs jumped, while core inflation remained stubbornly high for a third month and showed little impact from four RBA rate hikes aimed at cooling demand.
Australia August RBA trimmed mean inflation at 3.6% year on year
Australia August RBA trimmed mean inflation at 3.6% year on year
MNI EUROPEAN OPEN: Oil Pullback Continues
EXECUTIVE SUMMARY * TRUMP HAILS 'VERY GOOD' IRAN TALKS FOLLOWING ANNIHILATION THREAT - BBG: #cdbad0a1-5c8d-4cdb-9819-370162b99299 * ZELENSKY ASKS TRUMP FOR WINTER ARMS PACKAGE, EXPECTS ENERGY-CEASEFIRE PUSH - WSJ: #a4c79a68-e487-466b-a806-4885fa3200e0 * LASTING SHOCKS, FIRMING DEMAND REQUIRE FED ACTION - BARKIN - MNI
Australian dollar holds above $0.71 after RBA August minutes
The Australian dollar stays above $0.71 near an eleven-week high as markets digest RBA August meeting minutes showing cash-rate guidance remains restrictive but inflation persistence risks flagged.