The RBA is up this week! Everyone and their momma expect Gov. Bullock and her crew to keep rates steady after August’s CPI came in at multi-month highs.
Our Event Guide for RBA’s September Monetary Policy Statement suggests that, depending on the members’ commitment to further rate cuts, the Aussie will likely receive a brief lift from the central bank keeping its policies steady.
In this scenario, AUD/JPY and AUD/NZD could gain from their current setups:
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