Big Day for Aussie – with Aussie having hit 3-month highs of 0.9146 yest, highest level since May 4 highs of 0.9272 on general rise in global stocks and improved sentiment – for now. Focus on RBA Retail sales, building approvals, private house approvals, ANZ Job ads at 0130GMT – with the BIG decision at 0430GMT, RBA Cash Rate decision. RBA expected to keep Cash Rate unchanged at 4.50%, after the “weaker” 2.7% underlying Q2 CPI. Focus will be on the following RBA statement for any less hawkish statement, which will triggering AUD sales again, as RBA maybe signalling a longer pause. RBA likely to comment on some easing of Europe debt crisis, coupled with concerns over slowing global growth, US, China.
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