• AUD/USD rose to 0.71865 in Asia, its highest level since June 2

• Ascent spurred by hotter than expected Australian July inflation data

• Headline CPI 3.5% vs 3.3% forecast; trimmed mean 3.6% vs 3.5% f/c

• ANZ now tips 25 bps RBA cash rate increase to 4.6% in November

• 0.7160 was AUD/USD low in Asia, before the Australian inflation data

• U.S. July PCE data due at 1230 GMT; 3.6% f/c. Core PCE f/c 3.3%

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(Robert Howard is a Reuters market analyst. The views expressed are his own)