RBA Minutes: Ready to take further tightening steps but not on a pre-set path
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Reserve Bank of Australia’s (RBA) August monetary policy meeting’s minutes showed that the “board expects to take further steps in the process of normalizing monetary conditions over the months ahead, but it is not on a pre-set path.”
The AUD/USD rebound fizzles out at 0.7025 on the RBA Minutes release. The Minutes offers no new surprise and could be read dovish.
The pair was last trading modestly flat on the day at 0.7017.
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