AUD/USD has traded 39 pip range thus far Tuesday; 0.7010-0.7049 (high first)

0.7049 is highest level since Jan 18 (0.7063 was five-month peak that day)

0.6963 was NY low Monday - before U.S. stock gains lifted risk-sensitive AUD

Australian inflation data due 0030 GMT; 7.5% YY forecast for Q4 CPI

Hotter or cooler than expected CPI data could impact RBA rate expectations

Money markets currently price 15 bps RBA hike to 3.25% on Feb 7 0#RBAWATCH