The RBA decision (no change in rates) is here, with a link to the full accompanying statement from head honcho Glen Stevens:
Reserve Bank of Australia announces no change to rates, as expected by everyone
I've seen comments saying there is an easing bias in the statement, and other comments saying no there isn't
It is possible for reasonable people to disagree (except on football, go Hawks), so in that vein its worth seeing both points of view.
My own judgement is, yes, there is an easing bias (just making my bias clear).
But, the best I've seen is this:
the "easing bias" probably not as strong as some had hoped, there is still an easing bias but upcoming data become more important
Sounds fair.
AUD hanging around session highs:
I reckon the revisions to expectations for tomorrow's GDP are driving some of this buying, but there should be resistance up around here (link here - last paragraph)
