CPI is unlikely to change the RBA's wait-and-see m

Aihuicha, August 30th: National Australia Bank strategist Rodrigo Catril said that Australia's inflation data is unlikely to change the RBA's wait-and-see mode, because price pressures are likely to persist. "Overall, the decline in data is good news for the RBA, but we note that the August and September figures are likely to put more pressure on prices as they are more critical to the cost of services and recent increases in energy prices. Sensitive. The near-term outlook for the Australian dollar remains dependent on U.S. economic data, and the exchange rate and markets are currently very sensitive to key U.S. data, namely labor market and inflation data. If U.S. employment data due on Friday is weak, it will exacerbate near-term volatility in the U.S. dollar , but on the contrary, if the employment data is solid, it will support the dollar."