Australian markets look set for another cautious session, with inflation still running hot at 4% and keeping the central bank's early November meeting firmly in focus. The housing
Australian markets look set for another cautious session, with inflation still running hot at 4% and keeping the central bank's early November meeting firmly in focus. The housing story adds a second layer of tension, as prices have slipped for a sixth straight month while sales tumble, even as rate-hike expectations build. The currency sitting below 70 US cents captures the mood well: sticky prices at home against a shaky growth backdrop.
Sources
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