Economic data
Australian Dollar: RBA hike mostly priced, risks of disappointment – DBS
Philip Wee at DBS Group Research notes that AUD has largely priced in a 25-bps RBA hike to 4.85% at the November meeting, following an acceleration in CPI inflation. He warns that the RBA could still disappoint by pausing or signalling a near-peak in rates, with downgraded GDP and higher inflation forecasts highlighting a difficult policy trade-off and a tentative AUD/USD recovery.