Soft Inflation Clears Path for RBA Cut, BoC and Fed Next

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Aussie weakened broadly on Asian session after Australia’s Q2 CPI data cemented expectations for another RBA rate cut in August. However, the decline in Aussie lacks strong momentum so far. The softness in both headline and core inflation readings has effectively given the central bank the green light to proceed with its cautious easing cycle. […]The post Soft Inflation Clears Path for RBA Cut, BoC and Fed Next appeared first on Action Forex.