Australian RBA Trimmed Mean CPI MoM (Feb) M/M 0.2% vs. Exp. 0.3% (Prev. 0.3%, Low. 0.2%, High. 0.3%)
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Philippines ambassador to the US says Manila is working with the US State Department to get waivers to purchase oil from US sanctioned countries, and all options are being considered
PBoC is expected to set USD/CNY mid-point at 6.8818 (prev. 6.8943)
Australian RBA Trimmed Mean CPI MoM (Feb) M/M 0.2% vs. Exp. 0.3% (Prev. 0.3%, Low. 0.2%, High. 0.3%)
RBNZ Chief Economist Paul Conway urged New Zealand's government to pursue structural reforms to lift productivity, saying monetary policy can’t solve the cost-of-living crisis alone
Meta's (META) new display glasses withheld from EU market due to battery regulation and supply shortages
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Context
The Australian RBA Trimmed Mean CPI for February came in at 0.2%, slightly below the expected 0.3%. This miss indicates potential softness in inflation pressures, which may influence the RBA's monetary policy stance and expectations for future rate adjustments. Traders should watch the AUD, as this data could lead to reassessments of rate hike probabilities and sentiment in the forex markets.
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