AUD/USD flows: Headline CPI Lower than expected

The Q2 Australian headline CPI came in lower than expected and inch closer to the lower bound of target rate at 2.1% y/y. Trimmed mean CPI also tread lower to 2.7% y/y. It looks like an imminent cut from the RBA is sealed in. The broad risk sentiment looks upbeat with both regional and U.S. three major equity indexes are in the green.

AUD/USD is trading 0.12% higher at 0.6517.