AUD/USD flows: Weak Chinese CPI Drags the Aussie

While RBA's Bullock does not sounds extra hawkish in her speech on Tuesday, the Aussie is gaining on soft USD and positive risk sentiment. Bullock sounds cautious in more tightening while keeping data dependency in her words. The tier two data release from Australia seems to have little impact towards the Aussie.

With regional equities sentiment being positive, the AUD/USD is trading 0.4% higher at 0.6593.