• AUD/USD holds sub-0.70 as it consolidates losses since Tuesday's RBA hike

• 0.6959 was nine-week low in Asia after cooler than expected Australian CPI

• Up 0.4% MM, 4.0% YY in August vs 0.5% MM, 4.1% YY forecast

• 0.6995 was Asian session high, just before the Australian inflation data

• Probability of RBA rate hike in November declines to 20%

• Australian private credit firm Metrics freezes some fund redemptions

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(Robert Howard is a Reuters market analyst. The views expressed are his own)