I've posted a couple of previews of the Reserve Bank of Australia monetary policy meeting already:
- RBA meet Tuesday - what to expect (part 2 - this bank calling a rate cut)
- RBA meet Tuesday - what to expect (part 1 - no change)
And Greg had his earlier:
- RBA decision ahead. Levels to eye.
This from BNP (via eFX):
We expect the RBA to leave policy unchanged this week, in line with market pricing which currently assigns just 6% chance of a rate cut this week and only 11% by year-end. Commodity exporter currencies remain highly sensitive to the risk environment and, while we expect the USD to correct lower vs. the low-yielder currencies this week, the USD may hold up better vs. the AUD and CAD if the risk environment wobbles. Global equities continue to drive these currencies especially AUD & NZD.
