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Analysts at TD Securities note that the RBA Minutes for the August meeting were released and as expected, there was not anything new to say (even last Friday’s semi-annual testimony was cut short).

Key Quotes

“They reiterated that cash rates are holding steady, jobs to grow at an ‘above-average pace’ in 2H 2018 (10y average is 1.6%, currently 2.4%) while more US rate hikes should keep the AUD under pressure.”