Forex Flash: RBA Minutes in Focus – NAB Global Markets

FXstreet.com (Barcelona) - In the coming Asia session, market participants will be focused upon the RBA minutes release due out at 1:30 GMT. According to analysts at NAB Global Markets “As for the RBA Minutes, there’ll be particular focus on the RBA’s easing bias – evident in the post-April Board meeting media release – contains the same words from last month’s Minutes to the effect that “…. Further reductions may be required.”

NAB went on to add, “Note also that the Minutes have been superseded by strong retail sales but softer recent data and the CPI yet to come next week before the May meeting.”