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Australian third-quarter CPI rose 0.8% quarter on quarter and 3.0% year on year, in line with expectations. The trimmed mean measure beat forecasts at 0.7% against 0.5%.
Markets then priced in about 88 basis points of RBA hikes for 2022.
Hotter inflation and expected rate hikes lift the Australian dollar, which makes Australian grain and barley less competitive on export markets.
poundsterlinglive.comGary HowesOct 27, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
