TL;DR: RBA Governor Michele Bullock has reframed Wednesday’s Q2 CPI report — the question isn’t whether core inflation is elevated, but whether it’s hot enough above 3.8% to justify an August RBA hike, with AUD/USD stalled at resistance ahead of the release. Why This CPI Report Matters Australia’s Q2 CPI report is shaping up as […]The post Rangebound AUD/USD Awaits Australia CPI as Bullock Signals Higher Hurdle for RBA Hike appeared first on ActionForex.