The OIS market is pricing an 80% chance of a cut to 3.00% at the Nov 6 meeting.
RBA-watcher McCrann at the Herald Sun with his latest ramblings (he says the RBA doesn’t see itself has having to cut again).
The Australian Financial Review has more substantive analysis on the CPI and RBA.
AUD/USD has been stubbornly bid, so another test of 1.04 can’t be completely ruled out but overall, the rebound from 1.0150 looks like it will be wiped out.
Today, I like fading any post-CPI reactions because the market will want to square up ahead of the Chinese manufacturing data.