• AUD/USD +0.1% Wed after trimmed mean CPI rises to 3.6% y/y (poll 3.5%)

• Result harbours concern for RBA with inflation not yet under control

• AU May CPI -0.7% m/m, 4.0% y/y (poll consensus -0.4%, +4.3% respectively)

• USD index remains elevated near 13-month highs as FFR hike expectations grow

• RBA Deputy Governor Andrew Hauser speaking in Melbourne later Wed

• AU May employment data due Thur, Reuters poll: +30k jobs, 4.4% unemployment

• Range Asia 0.69105-215, support 0.6834 0.6660, resistance 0.7089 0.7200
DXY Daily 55-DMA


AUD Daily 55-DMA

(James Connell is a Reuters market analyst. The views expressed are his own.)