RBA meeting Minutes, released earlier today, did not offer anything new. Monetary policy (and cash rate) are on hold, but, unlike neutral RBNZ recently, RBA agrees that the next move in the rate will likely be up. AUD/USD is pulling back toward 0.75 after 150 pip rally from 12-month lows. 0.745 - 0.75 should now hold, if the rally is to continue, with 0.765 the initial target.
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