AUD/USD flows: Trimmed Mean Dropped through 3% y/y

The Q1 Australian headline inflation stayed at 2.4% with trimmed mean dropped past 3% to 2.9% y/y. While headline is a tad higher than estimate, trimmed mean has tread lower within the target range. However, it is not sufficient to indicate an imminent cut from the RBA as they have their eyes on the mid range.

AUD/USD is trading 0.26% higher at 0.6400.