MS are with every one else - RBA on hold:
- RBA watching the terms of trade, its strong at present but could change
- Also watching employment data, will it weaken?
Those weakening could tilt the RBA more dovish in future
AUD/USD:
- MS have 'fair value' around 0.70 by the end of 2017
- But risks are it could fall further
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RBA due at 0430GMT .... some previews posted earlier:
- CBA on the RBA today (quick preview) & AUD intra-day view
- WPAC on the RBA today (quick preview)
- AUD - RBA announcement due 0430GMT - on hold expected - more previews
- AUD - RBA announcement due 0430GMT - on hold expected
- Economic data due from Asia today - RBA policy announcement
