Chances of RBA rate cut in Nov at 66%

FXStreet (Bali) - Following the Australian Q3 CPI miss, chances of RBA rate cut in Nov have now increased to 66% vs 62% prior to the inflation data, according to data collected by Credit Suisse.

Oct 28, 2015

Australia Q3 inflation below RBA's comfort zone

Australia's CPI (QoQ) for Q3 came in at 0.5%, below forecasts of 0.6%, while the yearly reading came also below expectations at 1.5% vs 1.7% exp. As per Australia's RBA trimmed mean, CPI (QoQ) came in at 0.3%, below forecasts (0.5%), while RBA trimmed mean CPI (YoY) came at 2.1%, well below forecasts of 2.4%.

AUD/USD bulls wiped out on surprise Aussie CPI's

AUD/USD is currently trading at w0.7130 ith a high of 0.7207 and a low of 0.7119.