AUD traders - heads up for RBA minutes due for release Tuesday (11.30am local time)

Author: Eamonn Sheridan | Category: Central Banks

A quick note for Australian dollar traders and a (what would appear to be minor) event risk for tomorrow. Tuesday 17 April 2018. 

  • Due at 11.30 am Sydney time, which is 0130 GMT
Minutes of the April 2018 Monetary Policy Meeting of the Reserve Bank Board
There is not much at all expected from the minutes.
Says ANZ: 
  • likely to be uneventful for the AUD
Says NAB:
  • The message from Governor Lowe was clear  .... pointing to no near term ratep ressure. And so, Tuesday's formal Minutes will be parsed more for particular clues on various sectors and current issues, for example any perspectives on tariff impacts.

Westpac are focused on May, not expecting much from the minutes either;
  • Further colour ahead of May growth forecast update 
But, you never know. ForexLive (via me!) will have cover of the minutes tomorrow - join me then!

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