Forex news for Asia trading Tuesday 18 October 2016
New Governor of the Reserve Bank of Australia Philip Lowe delivered a speech in Sydney today, quite early in the session. Later, in the RBA minutes for the October meeting we got a further elaboration of views. The net takeaway for near term policy direction seems to be that the bank is waiting for Q3 CPI (October 26) as a key input for its next policy decision (meeting on November 1), but the hurdle is high for a cut in November.