In just under 2 hours (at 0330GMT) the Reserve Bank of Australia releases its rate decision for November with futures pricing in a 30% chance of a rate hike. Last weeks CPI number took the steam off the odds of a rate hike but the market still remains wary given that in October the market overwhelming expected the RBA to hike. AUD/USD has been confined to a dull 23 point range in Asia with more interest in the Melbourne Cup than the first of many central bank meetings this week.
Featured Videos