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20 Aug 2013
Flash: RBA minutes ahead, watch for comments on AUD - Westpac
FXstreet.com (Barcelona) - The minutes from the RBA’s 6 Aug Board meeting is the highlight of the Asian calendar this week, notes Sean Callow, FX Strategist at Westpac.
Key Quotes
"We have already seen the RBA’s lengthy Statement on Monetary Policy, released three days after the RBA’s meeting which produced the 25bp cash rate cut to 2.50%."
"The statement two weeks ago was unusually short, with the main interest in the concluding outlook sentence which was neutral, rather than the familiar “scope” to ease line."
"There should be some comment about AUD’s potential to depreciate further. RBA pricing is -3bp for Sep, -20bp in total (Feb 2014)."
Key Quotes
"We have already seen the RBA’s lengthy Statement on Monetary Policy, released three days after the RBA’s meeting which produced the 25bp cash rate cut to 2.50%."
"The statement two weeks ago was unusually short, with the main interest in the concluding outlook sentence which was neutral, rather than the familiar “scope” to ease line."
"There should be some comment about AUD’s potential to depreciate further. RBA pricing is -3bp for Sep, -20bp in total (Feb 2014)."