Australia Company Gross Operating Profits (QoQ) climbed from previous -1.9% to 1.3% in 3Q

AUD/USD bears are testing the bulls commitments on the inflation outlook for the Australian economy and a run at stops has occurred in recent trade as we approach Tokyo and better liquidity again for the week. The TD Securities inflation gauge and trimmed mean for Nov came in below the RBA's target of between 2-3% at 1.6%y/y.