GOLD 0.51% $1,391.7 gold futures

RBA Data released

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    RBA Data released today:

    Inflation - 3%
    underlying inflation - 2.8%
    AUD 94.4/USD

    Even after a massaged CPI inflation has hit the top of the RBA's Range. The AUD has jumped back over 94c / usd amid a belief the RBA will soon have to raise interest rates. From the AFR I read this morning Housing is likely to pullback
    2.5% for the next 5-6 years. This may save the RBA from raising rates but I don't think so with offshore money pouring into Australia and into the housing market in general along with SMSF buying hollis bollis into property it is 6 to 1 half a dozen to the other that rates will rise or not????
 
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