AUD/USD flows: Monthly CPI Stays Within Target Range

The Australian February monthly CPI came in at 2.4% y/y, staying within the target range. It would be supportive for more easing from the RBA but we are unlikely to see an imminent cut when trimmed mean remain at the upper bound of range. The RBA will likely based their policy around the middle of inflation target range, as per last policy statement.

AUD/USD is up 0.09% to 0.6308.