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Wednesday, March 29, 2023

Fundamental: AUD/NZD drops 30 pips as Aussie inflation disappoints RBA hawks

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Alert Alert Mar 29, 2023, 9:30am
 
Fundamental: AUD/NZD drops 30 pips as Aussie inflation disappoints RBA hawks
AUD/NZD renews intraday low near 1.0690, marking a near 30-pip slump as Australia's headline inflation data disappoints early Wednesday. As the downbeat Aussie Retail Sales also join the recently weaker Consumer Price Index (CPI) data, the increasing odds of the Reserve Bank of Australia's (RBA) policy pivot keep bears hopeful. That said, Australia's ...
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