AUD/USD climbed to its highest level since February 2023 following inflation figures that surpassed expectations

Latest Economic Update

Here's a brief update—I'll share more detailed information on this topic soon.

Key Data Point

• Australia's Trimmed Mean CPI rose by 3.8% year-over-year for the quarter, surpassing the anticipated 3.6%。

Most of the other economic indicators also came in stronger than forecasts.

Upcoming RBA Meeting

The Reserve Bank of Australia is scheduled to meet on February 2nd and 3rd.

Market consensus now expects a 25 basis point interest rate increase at this meeting.