Mar 19, 2013
Forex Flash: RBA minutes should be tilted towards case for easing - Westpac
FXstreet.com (Barcelona) - The minutes from the RBA Board’s 5 March meeting will be published at 00.30GMT. According to Sean Callow, FX strategist at Westpac: "AUD/USD gained about 30 pips net on the steady hand two weeks ago, where retention of the line “scope to ease policy further” was balanced against a more positive view of the global economy and “some prospect of a modest increase” in investment outside mining." The analyst adds "it is hard to see why the RBA would go out of its way to support AUD and the rates curve so the language should be tilted towards the case for easing - later."