The Australian dollar is placid ahead of the Reserve Bank of Australia meeting today
Announcement and statement due at 0430GMT
previews from Earlier:
- RBA meeting today - quick preview
- Preview of the RBA today and for the AUD - TD on 'trading the RBA'
- RBA meeting today - preview - expected on hold decision
- RBA October meeting today - what to expect
- A preview of the RBA meeting on Tuesday October 1 2018
- here is a quickie what to expect preview
Some TA for those interested;
And, adding a coupel of really quick snipprts
NatWest:
Reserve Bank of Australia
- likely to be constructive in its post-meeting statement given September's meeting minutes and Governor Lowe's September 4 speech both again observed the next move in the RBA's policy rate would likely be up.
- The statement is set to keep the keep the RBA's view 'for growth of the Australian economy to average a bit above 3 per cent in 2018 and 2019.'
- likely to maintain its constructive outlook on the labour market
- likely to reiterate inflation will pick up over the couple of years
- Australian economy bears will look to see if the RBA alters its current sanguine view on the housing market.
- If the RBA retains its constructive outlook as we expect then the Australian dollar is likely to remain supported at current levels around 1.09 against the NZ dollar. We continue to favour the cross trading higher given New Zealand's central bank remains clearly more dovish than Australia's
