AUD/USD Trading Higher, Auto Sales Slow

AUD/USD is trading at 0.7720, up 0.0046. The pair is trading just under the session highs. Market chatter about money flows and the Reserve Bank of Australia's (RBA) minutes is making the rounds. Australia's Bureau of Statistics (ABS) reported that new motor vehicle sales fell 1.3 percent in July versus an upwardly revised 3.5 percent gain in June. July year over year sales slowed to a rise of 1.6 percent versus a rise of 2.1 percent in June. The Westpac-Melbourne Institute leading index of economic activity is due out at 8:30 p.m. ET.