Credit Agricole CIB FX Strategy Research discusses AUD outlook ahead of tonight's RBA minutes from the November meeting and RBA Governor Lowe speech.
"The relatively quiet domestic and foreign calendars will mean that investor sentiment and commodity prices will be the primary drivers of the AUD this week.
Lowe's speech and the RBA Minutes are both are expected to continue with theme put forward in the SoMP by pointing to strengthening growth going forward, which will gradually erode the economy's excess capacity and push inflation higher.
The minutes could produce some interest if some dissenting views are published, but this is unlikely as the Minutes reflect the consensus of the Board, rather than that of individuals or groups of Board members," CACIB argues.
Earlier post with remarks from the big 4 Australian banks on the minutes :