AUD/USD flows: RBA Holds

Major equity indexes are seeing rebound with the Nikkei trying to recoup Monday's lost ground and is currently up 8.7%. U.S. three major equity indexes are up less than a percent. The RBA has kept cash rate at 4.35% as per forecast. While the latest CPi data show stubbornness, it lacks evidence such will continue or flare up and thus does not support a change of policy rate from the RBA.

AUD/USD is trading 0.17% higher at 0.6507 after touching session high at 0.6540.