Market pricing +5bp RBA rate hikes over 12 months as a response to Aus CPI numbers

FXstreet.com (Bali) - After the stronger-than-expected Australian CPI series for Q4 2013, the Australian OIS pricing has been readjusted higher about 10 basis points, going from expectations of 6bps of cuts in the next 12 months, to currently price 5 basis points of rate hikes. As a result, the Australian Dollar is enjoying some solid follow through across the board.