Everyone see the AUD fall in the seconds before the official 11.30am (local time) release?

Anyways ....

AUD/USD down to around 0.7970 on the release, then a little lower:

The summary of the Minutes is here

But, in (very) brief:

  • The RBA still want the AUD lower
  • The easing bias remains in place

(Yeah ... D'uh on both)

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RBA notes:

  • Still weaker capex
  • Growth slower for longer
  • Unemployment will be higher for longer