The minutes of the Reserve Bank of Australia July meeting are due today, following New Zealand trade data for June.

That RBA meeting was doozy! We all went in with around a 93% or so expectation in markets for a 25bp rate cut and then … nothing! On hold. AUD shot higher.

From the day of infamy 😉

• RBA leaves cash rate unchanged at 3.85% in latest policy decision
• AUDUSD jumps as RBA delays rate cut. What’s next?
• RBA’s Bullock: It is appropriate to have a cautious, gradual stance on easing
• RBA’s Bullock: We want to be sure on inflation
• RBA’s Bullock: People got too excited about mention of 50 bps in May meeting
• RBA’s Bullock: Our communication strategy is not failing

We’ll get more insight today from the meeting minutes. I expect some snarky analyst notes/media reports in response. Almost everyone got caught wrong-footed (including).

But, not everyone:

• Reserve Bank of Australia expected to cut its cash rate on Tuesday – why they might not

• This snapshot from the InvestingLive economic data calendar, access it here.
• The times in the left-most column are GMT.
• The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.

This article was written by Eamonn Sheridan at investinglive.com.

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