Australian dollar marked lower on CPI data - RBA August rate cut appears locked in

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The Australian Q2 and June-month inflation data is here:Australia Q2 2025 Headline CPI 2.1%y/y (expected 2.2%) Trimmed mean 2.7%y/y (exp 2.7%)The results should be enough to lock in an Reserve Bank of Australia rate cut at its next meeting, August 11 and 12. A 25bp interest rate cut is widely expected. The only cold water I'd throw on this is that expectations were nearly unanimous for a cut at the previous meeting and the RBA did not comply, leaving the cash rate on hold. The usual round of suspects are sayin a cut is assured this time though. Unfortunately I am one of them so I better just shut up now ;-) This article was written by Eamonn Sheridan at investinglive.com.