CBA on what to expect from the RBA today (spoiler - little new)

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's™s large current-account surplus will continue to undermine AUD/JPY