The Australian Dollar ran lower immediately after headline CPI printed at 6.0% year-on-year to the end of June, taking the heat out of potential hikes by the RBA. Will AUD/USD rally?
<ul><li>Prior was -708K</li><li>Gasoline -786K vs -1678K expected</li><li>Distillates -245K vs -301K expected</li><li>Refinery utilization -0.9% vs +0.1
The People’s Bank of China injected 150 billion yuan of liquidity via its medium-term lending facility, rate unchanged at 2.85%. 150 bn of MLF matured today so its a net neutralalso injected CNY10 bil
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