AUD/USD flows: Monthly CPI Stays Above 3%

The latest February monthly Australian CPI shows a slight miss of estimate at 3.4% but remains the same as January CPI. The inflation figure remains above RBA's target upper range at 3% and would see the central bank to keep rates unchanged. The RBA would remain data dependent in the coming months but we are not seeing them to cut at the first light of CPI below 3%.

AUD/USD is trading 0.1% lower at 0.6527 as regional sentiment is soft in China and Hong Kong while Japan and U.S> equity indexes are in the green.