The number has led to a jump in the Aussie dollar.
From aud economist, inflation spiked higher with the introduction of the carbon pricing mechanism which boosted the headline figure to 1.4%.
Some banks like HSBC still expect another cut in November.
The current resistance in audusd is around 1.0315-20 level. Heard stop losses are around 1.0330-40 level.
The HSBC china pmi will probably dictate the audusd today. The number will be out in just about 10 minutes
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