The Reserve Bank of Australia December meeting minutes are due at 0030 GMT

Via CBA:

  • RBA December meeting Minutes will likely provide more details about the RBA's more constructive inflation outlook which can bode well for Australian two-year swap rates and AUD.
  • Remember, at its December board meeting the RBA left the cash rate unchanged at 1.50% but removed its forecast description that inflation will remain low "for some time".
  • Technically, AUD/USD needs to sustain a break above its 200-day moving average at 0.7693 to gain upside momentum.

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