Flash: What to expect from the RBA minutes? - Westpac

FXStreet (Bali) - Interest towards the RBA Feb minutes, due at 00.30 GMT, has been dampened by the quarterly statement released 3 days after the meeting, notes Sean Callow, FX Strategist at Westpac.

Key Quotes

"But it will still be well worth noting the thinking around the Board’s switch to a clear neutral stance and dropping the overt predictions of AUD decline. Risks for any AUD response seem skewed to the topside."

AUD/NZD hovering below 1.0800 ahead of RBA minutes

During most of the day the AUD/NZD remained steady trading around 1.0800.
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Flash: AUD/USD, 0.9078/90 will define next directional bias - JPMorgan

Nial Oc'Connor, FX Strategist at JP Morgan Securities, notes that the AUD/USD exchange rate is in a short term recovery phase, however, the .9078/90 zone will define whether a deeper retracement can develop, he said.
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