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Daily Alert: Everyone gets it wrong as RBA hikes 25bps

  • Aussie whole yields jumped 5-20bps and the AUD jumped to the top of the FX leaderboard yesterday after the RBA hiked its cash rate 25bps to 0.35%
  • Driving the RBA’s decision was a massive upward revision to its inflation forecasts
  • This morning’s GDT dairy auction was weaker than expected 

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