AUD/USD little changed

AUD/USD is trading at 0.7372, up 0.0016. The pair is trading rangebound and choppy. Market chatter about the RBA minutes due out this evening is making the rounds. Overnight Australia regulators announced that banks who utilize an internal ratings-based approach to credit risk on residential mortgages will have to raise capital risk from 16 % to 25% in July of 2016. Some leeway was given to lending to small businesses secured by residential mortgages. Australian year over year CPI and quarter over Quarter CPI is due out Tuesday night. Also on Tuesday night Westpac's Leading Index for June is due out, and the Reserve Bank of Australia Governor Glenn Stevens is due to speak