Yes, it's the Reserve Bank of Australia monetary policy decision due at 0430GMT
Previews:
- How to trade the RBA decision: BoA, Barclays, RBS, BNPP, Credit Agricole
- Westpac - We expect that the Board will decide to hold rates steady
- CommSec are a no also: fewer reasons for the Reserve Bank to even be thinking about cutting interest rates
- More detail from CBA: RBA is on hold
- 'Shadow' central banking, RBA style (No cut on Tuesday!)
And, from me earlier:
- I'm expecting no change in rates today but likely increased in AUD 'jawboning' lower efforts. It seems everyone is expecting the same,. If the RBA disappoints with the jawboning the risk should be for a pop in the AUD. If the jawboning is there I suspect dips will encounter profit-taking buyers.
