Australia’s monthly CPI inflation steadies at 2.1% YoY in October vs. 2.3% expected

Australia’s monthly Consumer Price Index (CPI) rose by 2.1% in the year to October, compared to a 2.1% increase seen in September, according to the data published by the Australian Bureau of Statistics (ABS) on Wednesday.
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AUD/NZD dives to one-week low, around 1.1030 after RNBZ’s expected 50 bps rate cut

The AUD/NZD cross attracts heavy selling after the Reserve Bank of New Zealand (RBNZ) announced its policy decision and dives to a one-week low, around the 1.1030 region during the Asian session on Wednesday.
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