AUD/USD should strengthen over the medium-term – SocGen AUDUSD Australia CPI RBA Banks
February CPI cements case for RBA pause next Tuesday. Nonetheless, economists at Société Générale expect the Aussie to edge higher over the medium-term.“In Australia, CPI surprised to the downside after slowing to 6.8% yoy in February, the lowest since last June. The decline was led mainly by housing, transport, recreation and culture. This increases the likelihood of a pause by the RBA next week and stymies support for the AUD.
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