AUD/USD flows: Q3 CPI Moderates

The Australian Q3 headline inflation moderates further than estimate to 2.8% y/y, breaking below the higher end of RBA inflation target range,  while RBA trimmed mean CPI remains above at 3.5%. It echoes out forecast of inflation closer to target range by year end yet the RBA will likely see another round of data before easing as the Q3 numbers are affected by government subsidies.

AUD/USD is trading 0.14% higher at 0.6570.