Just the data in this post. I'll have more to come on this separately, details etc.
UPDATED:
AUD is down on the results. Headline and m/m core lower than expected.
Just the data in this post. I'll have more to come on this separately, details etc.
UPDATED:
AUD is down on the results. Headline and m/m core lower than expected.
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Australia April CPI slows to 4.2% but core inflation creeps to highest since 2024 The headline flattered by a tax break; the core told a less comfortable story.
NZD jumps - RBNZ holds OCR at 2.25% by casting vote as committee splits 3-3 on rate hike A casting vote kept the OCR on hold, but the RBNZ just told markets that hikes are coming and the only question is how fast.
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Australian April CPI: Headline 4.2% (expected 4.4%, prior 4.6%) The core rate is still very solid, underlying at 3.4% (expected 3.4%, prior 3.3%) AUD down, headline and m/m core lower than expected.
China data, YTD (January - April) Industrial profits +18.2% y/y (prior +15.5%)
PBOC sets USD/ CNY mid-point today at 6.8291 (vs. estimate at 6.7883)
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