Oct Australia TD Securities inflation 2.3% y/y vs 2.2% prior

• Prior was 2.2%
• Prices up 0.2% in Oct vs 0.1% in Sept

It’s a low-tier indicator but it’s one sign of inflation in Australia and that’s good for AUD/USD. The pair hasn’t moved since the release but it’s rebounded to 0.8757 from as low as 0.8733. Still about 40 pips to get back to Friday’s closing levels.