AUD/USD rebounded on Tuesday ahead of critical Australian inflation data scheduled for Wednesday morning in Australia, as well as the highly-anticipated FOMC rate decision out of the US on Wednesday afternoon. Australia’s quarterly Consumer Price Index (CPI), a major inflation indicator, has a consensus forecast of +0.4% for the second quarter of this year. The actual reading will be particularly important and potentially market-moving because data for the previous quarter that was released in April showed a colossal disappointment at -0.2% versus +0.3% expected. That helped compel the Reserve Bank of Australia (RBA) ... (full story)