AUD/USD down 0.1% in Asia after closing 0.55% lower on Wed

Waning but still sticky US CPIdampens hopes of large Sep rate cut, weighs

Chances of a Fed 50-bps Sep cut at 38% from slightly above 50% on Wed

But 25-bps cut seen as almost certain, 103 bps of cuts priced in by end Dec

Diverging RBA-Fed rate expectations likely to limit Aus downside

Australia July employment report Thu unlikely to shake RBA's hawkish resolve

China monthly activity data key Wed as new signs of weakness emerge

Support 0.6575-80, 0.6550-55, resistance 0.6620, 0.6640-45

Wed range 0.6643-0.6595, Asia range 0.6600-0.6589

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