RBA expected to cut despite Q2 inflation figures? - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the AUD/USD pair was unable to hold to the 0.7600 level and fell down to 0.7550, ending the day nearby, weighed by oil prices, which fell to fresh lows, with WTI futures below $40.00 a barrel for the first time since mid April.

Key Quotes:

The Reserve Bank of Australia is having its economic policy meeting during the upcoming Asian session, and market is expecting a rate cut, down to 1.5% from current 1.75%, although generally speaking, it´s seems that the Central Bank is in no rush to cut rates, particularly after Q2 inflation figures came in better-than-expected. A 25bps rate cut may have a limited impact, but will weigh on the Aussie anyway. 

For an alternative view on the RBA, see here: