At 03:30 (GMT+2), Australian Q4 CPI data will be released. It is the main indicator of inflation in the country and determines the change in retail prices for a certain “basket” of goods and services: food, transport, utilities, and healthcare, and it has a significant impact on the decisions of the authorities on monetary policy. The index is expected to fall from 1.8% to 1.6% QoQ and rise from 7.3% to 7.5% YoY, which could put pressure on the Australian currency.
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