At 0130GMT we get the RBA minutes from the April meeting
CBA's expectations (via LiveSquawk):
- CBA expects little new information from minutes of RBA's May meeting, given level of detail from SOMP just three days after;
- Sees RBA cutting policy rate by 25 bps in August and November, which will weigh on AUD, and has lowered AUD forecasts accordingly
- CBA says Japan'ss large current-account surplus will continue to undermine AUD/JPY
