RBA minutes might ensure some volatility

The minutes from the last RBA meeting will be released at 11:30 Sydney time and they might ensure some volatility. I expect that the RBA will say that global issues were the reasoning behind their decision not to raise rates. Despite the strong employment data last week, I still think that global issues will be the major factor again next month. The market is factoring in a 38% chance of a 25 bps rate rise next month.