Australian Monthly CPI comes in at 3.4% YoY in January vs. 3.5% expected

Australia’s monthly Consumer Price Index (CPI) arrived at 3.4% in the year to January 2024, compared to the annual increase of 3.4% seen in December, the Australian Bureau of Statistics reported on Wednesday.
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NZD/USD plummets to over one-week low, bears eye 0.6100 mark after RBNZ

The NZD/USD pair attracts heavy selling after the Reserve Bank of New Zealand (RBNZ) announced its policy decision and dives to over a one-week low in the last hour.
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