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AUD Focus On US Earnings, Aussie 2Q CPI

Forex News AUD/USD losing ground as USD inches forward, but clear focus in coming 24 hours on another slew of U.S. earnings, followed by 2Q CPI due Wednesday, says RBC strategist Sue Trinh. Notes some risk of CPI figures turning out softer than expected after latest PPI data surprised on downside; but highlights little correlation between two. "It should be one of the most anticipated CPI numbers out of Australia in some time." AUD/USD now 0.9755 from 0.9766.



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