AUD/USD flows: Monthly CPI Stays Below 3%

The Australian January monthly CPI has come in lower than estimate at 2.5% y/y, staying within the target range of RBA. After the first hawkish cut, we will need to see more moderation of inflation to envision another cut from the RBA and this data is what doves like to see.

AUD/USD is down 0.1% at 0.6337.