AUD/USD marked up a little after the stronger than expected core Australian inflation data

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Inflation and business survey data were out at the same time:

Analysts in Australia have been moving towards forecasts of earlier rate hikes from the RBA but are still eyeing hikes in H2, not imminently. As I said in the CPI post I don’t see any trigger for a hike soon.

Back to the AUD, a touch higher on the data:

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