Surely the RBA Must Cut Rates Now?AUSTRALIAN DOLLAR / U.S. DOLLARFX_IDC:AUDUSDCityIndexThe RBA defied expectations of a cut in July, despite soft trimmed mean inflation figures in the monthly CPI report. The quarterly figures have now dropped, which I suspect leaves little wriggle room to hold at 2.85% in August. I 6ake a look at the quarterly and monthly inflation prints that matter, then wrap up on AUD/USD. Matt Simpson, Market Analyst at City Index and Forex.com