Reserve Bank of Australia (RBA) news

The Reserve Bank of Australia (RBA) is Australia's central bank. Its primary responsibility is to maintain monetary and financial system stability. The RBA uses various monetary policy tools to influence economic conditions and contribute to sustainable economic growth and full employment in Australia.

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Australian dollar awaiting inflation data
The Australian dollar is steady after two straight losing trading days.  In the North American session, AUD/USD is trading at 0.6343, down 0.09% on the day. Australia's CPI expected to tick higher Australia releases the consumer price index for January on Wednesday. Inflation has been moving higher, as CPI accelerated in December to 2.5% y/y, up from 2.3% and its highest level since August.  The market estimate for January stands at 2.6%.
by Kenneth Fisher
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