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)
-
RBA notes:
- Still weaker capex
- Growth slower for longer
- Unemployment will be higher for longer