AUD/USD marked lower after better than expected (with a caveat) inflation data

<p>The data post is here:</p><ul><li><a href="https://www.forexlive.com/news/australian-q2-headline-cpi-08-qq-vs-10-expected-20230726/" target="_blank" rel="follow" data-article-link="true">Australian Q2 Headline CPI 0.8% q/q (vs. 1.0% expected)</a></li></ul><p>Headline and trimmed mean core inflation both came in lower than expected while the weighted median core measure came in slightly above. the big caveat though was that services inflation, that the Reserve Bank of Australia is paying close attention to, ratcheted up to a 22 year high. </p><p>AUD traders marked it down on the headline numbers though, the better headline and trimmed mean lowers the probability of an RBA cash rate hike next week, at the margin (the meeting is August 1):</p><p>One-minute candles chart.</p><p align="left">
This
chart is from our charting app, which is free and <a href="https://www.forexlive.com/LiveCharts">can
be found at this link</a></p>

This article was written by Eamonn Sheridan at www.forexlive.com.