A$ Heading Lower Ahead Of US CPI

Aussie is generally trading lower during APAC trading after rising earlier in the session. AUDUSD reached a high of 0.6433 but then trended down as the greenback appreciated again. It is around its intraday of low of 0.6407 and is currently trading around 0.6409. The USD index is off its lows but still down slightly on the day.

• Aussie is struggling against European currencies with AUDEUR down 0.2% to 0.5961 and AUDGBP -0.2% to 0.5133. AUDNZD is also 0.1% lower at 1.0872 while AUDJPY is steady around 94.47.
• Equities are mixed with the ASX down 0.8%, the CSI 300 flat but the Hang Seng up 0.4%. The S&P e-mini is down 0.1%. Oil prices are slightly higher with Brent holding above $92/bbl at $92.18. Copper is down 1.4% and iron ore is higher again at just around $118.50/t.
• Later the CBA’s Household spending insights data for August is due. Then the focus is on the US CPI which is expected to rise to 3.6% from 3.2% but core should moderate. There is also the US August budget statement and euro area July IP.