AUD/USD flows: No fireworks

When compared to the BoJ, RBA can almost be assured there will be no fireworks. The current inflation dynamics does not support for a hike or cut as CPI remains above target range yet moderating along with forecast. RBA will likely give us another copy and paste statement because they prefer the flexibility to act if CPI spikes. 

The AUD/USD is supported by better than expected Chinese data on Monday and us trading 0.05% higher at 0.6563.