AUD/USD flows: Feb CPI Stalls

Australian February CPI has been stalled at 3.7% y/y from 3.8% in January. The more important trimmed mean CPI is at 3.3% y/y, well above target range but has not shown signs of further heating up. However, energy shock will likely push march inflation higher and will not derail speculation of a May hike from the RBA.

AUD/USD is trading 0.25% lower at 0.6980.