The Reserve Bank of Australia minutes are due at 0130GMT.
This is what National Australia Bank are watching ... focus on AUD impact (may as well cut the chase, right?) ... NAB not expecting a lot though :
- The RBA has been playing up what it says are signs of housing market moderation in Sydney ...
- As for the minutes, there is a suggestion is some quarters that these might show some heightened concerns about AUD strength, after the August minutes noted only that "There had been a broadly based depreciation of the US dollar. Consistent with that, a number of currencies were close to their highs of the previous few years against the US dollar, including the euro and the Canadian dollar. The Australian dollar also had risen to levels last seen in 2015".
- Since the AUD in trade weighted terms was actually a little weaker at the time of the September meeting relative to August and AUD/USD virtually unchanged, we'd doubt the September language will be too much different from last month
Bolding mine
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