Australian Dollar (AUD)
On Tuesday, we get the Reserve Bank of Australia’s (RBA) meeting minutes. In its February meeting, the RBA kept the official cash rate at 4.35% as was widely expected. The Bank noted that higher interest rates have pushed down inflation and created a supply-demand stability. The RBA emphasised its data-driven approach and risk assessment but noted that a further increase in rates cannot be ruled out. Analysts will closely analyse the minutes for insights into the RBA Board’s discussions in February and any indications towards a change to a more neutral policy outlook.