Back

Flash: What to expect from today's RBA minutes - Westpac

FXstreet.com (Barcelona) - The minutes from the Reserve Bank of Australia September 3 meeting are released at 0130GMT, and according to Sean Callow, FX Strategist at Westpac, the central bank might, in a small degree, return to its easing bias.

Key Quotes

"The statement on the day was very brief and for the first time this year did not include the word “scope” (to ease policy further), instead retaining a neutral near term outlook."

"Some suggested this was the diplomatic response to the election 4 days later but the meeting after a rate cut is often lacking in tension anyway."

"We suspect the RBA is not neutral and that an easing bias of some degree will be evident in the minutes. AUD/USD bounced about 50 pips on the statement two weeks ago and could pull back somewhat less than that on today’s minutes, maybe 30 pips."

USD/CAD rejected at the gap, ahead of 1.0330

USD/CAD has been on the bid, Monday Europe and NA session, moving into Asia to find offers ahead of the gap at 1.0330 resistance.
Leer más Previous

Flash: AUD/USD, break of 0.9325/55 targets 0.95 - JPMorgan

The key break through 0.9325/55 zone on Monday represents a bullish development for the AUD/USD, notes Niall O'Connor, FX Strategist at JP Morgan Securities.
Leer más Next