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RBA in the spotlight tomorrow morning - will that deliver a surprise for the AUD/USD?

The first of a couple of important Central Bank policy meetings this week will come in the early hours of tomorrow morning. That comes from the Reserve Bank of Australia (RBA) at 3.30am GMT. The other of note, already mentioned today comes on Wednesday from the Bank of Canada. The RBA is widely expected to keep their OCR (Official Cash Rate) at 4.35%, despite some hawkish commentary at times most recently. That is not to rule out a hike of course, but this side of Christmas that would seem unlikely, especially with that which the RBA know is playing out behind the scenes in China. That said, there are always one or two analysts that will go against the consensus and where that is the case, on this occasion those are looking for a 0.25% hike to 4.6%. The AUD/USD has been on the rebound most recently and that has seen it lift from below 0.6350, close to 0.67 last week. The AUD/USD closed in the US on Friday at 0.6675, but it has been tracking lower so far today, perhaps on the expectation, that the RBA will sit on their hands tomorrow? The AUD/USD is currently trading at 0.6643

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