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26 Oct 2022

Australian Treasurer Chalmers: Don’t expect inflation forecast to change markedly

Australia's Treasurer Jim Chalmers said on Wednesday, the government doesn’t expect the inflation forecast to change markedly.

He added that “we expect inflation to peak around the same level at end of year.”

This comes after the Australian Consumer Price Index (CPI) rose to 7.3% QoQ in the September quarter.

Market reaction

AUD/USD remains pressured below 0.6400 amid risk-aversion, unable to capitalize on Australia’s hot inflation data. The pair is trading at 0.6388, down 0.07% on the day.

Oct 26, 2022

EUR/USD consolidates after a wild ride on Tuesday, bulls eye parity ahead of ECB and Fed

EUR/USD rallied hard to the upper quarter of the 0.99 area and bulls were eyeing a move into parity before the day was up but were left stranded in a
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Oct 26, 2022

Gold Price Forecast: XAU/USD buyers stay hopeful whilst above $1,644 – Confluence Detector

Gold price is treading water in a familiar range around the $1,650 psychological level, lacking a follow-through upside bias amid a modest comeback st
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