AUD/USD flows: CPI lower

The Australian headline Q2 CPI bangs in estimate of 3.8% and rose 0.2% from 3.6% in Q1 but the RBA trimmed mean is 0.1% lower than consensus at 3.9%. It seems to wash away the hawkish expectation for RBA in the coming meeting and drove the Aussie lower. 

AUD/USD is trading 0.67% lower at 0.6493 despite global risk sentiment positive.