Analysts at TD Securities note that Australia’s February inflation gauge rose by +0.1%/m and 1.7%/y. Key Quotes “Contributing to the change were fuel +2.2% and fruit & vegetables +3.7%, offset by seasonal correction in travel/accommodation -3.2% and rent (-0.9%/m). The trimmed mean measure was flat and +1.6%/y.” “Overall, headline and trimmed mean inflation is tracking 1 ½-1 ¾% in line with the RBA view. We will call for a cut if the core measure slumps back towards 1%. Dec qtr inventories -0.2% (TD flat and mkt +0.3%).” “Building approvals +2.5% a little better (mkt +1.0% TD +2%) but a dead cat bounce when we know housing finance is soft. Post inventories lowers our GDP forecast from +0.4% to +0.3%/q. However, tomorrow brings government spending (25% of GDP) and net exports, so there is ample scope to adjust again if necessary.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CAD: Upbeat commodities and soft greenback limits the upside around 1.3300 FX Street 4 years Analysts at TD Securities note that Australia's February inflation gauge rose by +0.1%/m and 1.7%/y. Key Quotes "Contributing to the change were fuel +2.2% and fruit & vegetables +3.7%, offset by seasonal correction in travel/accommodation -3.2% and rent (-0.9%/m). The trimmed mean measure was flat and +1.6%/y." "Overall, headline and trimmed mean inflation is tracking 1 ½-1 ¾% in line with the RBA view. We will call for a cut if the core measure slumps back towards 1%. Dec qtr inventories -0.2% (TD flat and mkt +0.3%)." "Building approvals +2.5% a little better (mkt +1.0% TD +2%) but a dead… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
