Australia - TD Securities/Melbourne Institute (MI) Inflation +0.2% m/m (prior +0.1%)

TD Securities/Melbourne Institute (MI) Inflation for July

+0.2 % m/m

• prior was +0.1% m/m

+1.6% y/y

• prior +1.5% y/y

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The 'trimmed mean' for July is +0.1% m/m & +1.5% y/y

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The RBA meet tomorrow (Tuesday local time, announcement at 2.30pm, which is 0430GMT)

Says Annette Beacher, chief Asia-Pacific macro strategist at TD Securities:

• "Cautious optimism from the RBA Governor in recent weeks speaks to us that the RBA Board is likely to leave the cash rate at 2 percent for quite some time"

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Meanwhile ... AUD has had a quiet open to the week:

It's a Sydney bank holiday today