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Fundamental Analysis Posted 2 hours ago

Australian Household Spending Accelerates to 7.0% YoY, Complicating RBA Policy

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Australian household spending surged 1.1% m/m in July, triple the 0.3% consensus, with annual growth accelerating to 7.0%—the strongest pace since June 2023. Recreation led the gains. This persistent demand pressure complicates the RBA's inflation-fighting efforts and raises questions about future rate decisions. AUD pairs face volatility.
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