Bank Indonesia governor said the central bank is committed to continuing intervention in the foreign-exchange market.

State Street’s APAC head of macro strategy Evans said the Reserve Bank of Australia (RBA) raised the cash rate 25bps to 4.85% in a 6-3 vote but retained a dovish tint. The RBA’s emphasis on slowing output signals concern about a weakening real economy that could help cool inflation and lower odds of further tightening. Evans said real-money investors have begun trimming previously extreme AUD overweights. Any renewed uncertainty about the future rate path could add downside pressure to the currency.

RESERVE BANK OF AUSTRALIA says AI-related spending has driven sharp price increases in technology products; many goods and services continue to face inflationary pressure.