Australia: AUD to rise on inflation surprise — Commerzbank

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Data from the Consumer Price Index (CPI) The Australian fourth quarter could be decisive for the February meeting of the RBA. Commerzbank economists they believe an upside surprise could lift the Aussie.

Is the Australian fee cycle about to end?

“Consumer prices are likely to increase expectation of a rate hike next week if in line with expectations, which would support AUD a bit. If data surprises to the upside, AUD is likely to jump upward due to the adjustment of rate expectations.”

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“It will be more interesting for the AUD how the RBA is positioned for the next several months from February 1, that is, whether or not an imminent end to the rate cycle is in sight. If that is the case, the market is likely to lower your expectations for the key rate top, which would put pressure on the AUD.”

Source: Fx Street

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