Kar Yong Ang | Sep 26, 2016 04:16AM ET
SUMMARY OF RBA MEETING MINUTES
Growth
Labour Market
Housing Market
Conclusion
Taking into account the recent data, and having eased monetary policy at its May and August meetings, the Board judged that the current stance of monetary policy was consistent with sustainable growth in the Australian economy and achieving the inflation target over time.
Reference:
What does it mean for the Aussie
Overall, the tone of the RBA remains neutral to slight bullish. There was no hint that the RBA is looking for another rate cut in the near to medium term; and this can potentially provide strength in the Aussie Dollar mainly due to carry trade interest.
However, from a technical perspective, we are seeing more of shorting opportunities from this recent rallies.
AUD/USD
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