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RBA minutes up next - NAB

FXStreet (Bali) - NAB shares his view on the upcoming RBA minutes.

Key Quotes

"Today in Australia the RBA Minutes from the September 2 meeting are released. They are likely to reflect that the chances of a further rate cut have reduced, but will also reinforce that the RBA is on hold for some time. As the Minutes pre-date last week’s huge labour force release, we will have to wait until the next Board Meeting in October to hear the RBA’s assessment of the record employment rise in August. As for the AUD, it was 93 US cents when the RBA met, so regardless of what they say in the Minutes, it is now moving in the right direction."

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