The following are brief expectations forthe RBA Augustpolicy statementas compiled from the related research reports of 10 major banks. Overall, the RBA is universally expected to stay on hold with neutral statement, butthere is somerisk that the central bank could attempt to talk-down the AUD by using a stronger language on the currency at the commentary statement. Strategy-wise,such a scenario could lead to some liquidation/profit-taking on newly established longs before buyers on dips start to emerge and that should eventually feed into the price action of any possible dips (shallow vs sustained). Barclays ... (full story)