The range overnight for XAG was $52.90 - $53.91, Asia is currently trading around $53.51, +0.25%%. S...
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The Q3 trimmed mean was higher than expected rising 1.0% q/q to be up 3.0% y/y up from 0.7% q/q (revised +0.1pp) & 2.7% y/y. On the surface, this looks high enough to keep the RBA on hold on 4 November as it waits for more data, especially as the 2q/2q annualised rate printed at 3.4%. The September monthly outcome picked up 0.2pp to 2.8% y/y. Headline CPI rose 1.3% & 3.2% up from 0.7% & 2.1% in Q2 but remains distorted by government electricity rebates.