Daily Alert: RBA and markets just don’t see eye to eye
Australian yields and the AUD spiked after yesterday’s RBA Minutes acknowledged the risks to the RBA’s inflation forecast.
The latest GDT auction was not as strong as signalled by the futures market, but we have maintained our bullish $8.75 kgMS Fonterra milk price forecast for 2021/22.
Australian wage data and RBNZ inflation expectations data the key data to watch over the next few days.