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The Australian Dollar sells a speech and waits for the number that decides August
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FXStreet Forex & Commodities News
The awkward timing is that the repricing happened sixteen hours before the release that actually decides the meeting.
What the print has to doThe calendar carries the monthly headline at 0.2% MoM against a -0.7% prior, the annual rate unchanged at 4%, the monthly trimmed mean at 0.4% and the annual trimmed mean previously at 3.6%.
The quarterly trimmed mean is the number the board actually reads, and forecasts near 0.9% for the quarter would lift the annual pace toward 3.7%.
One Australian quarter-point delivered on 11 August competes against a terminal rate that keeps hardening.
The daily Stochastic Relative Strength Index near 90 has been pinned in overbought territory for a week without producing a break of 0.7000, which is the clearest exhaustion signal on the chart.