The Reserve Bank of Australia will meet today and decide on its monetary policy for the foreseeable future. While traders are certain that interest rates are on hold, the prospects of tapering are the risk. This leaves the Aussie vulnerable to a strong bid and paints a bullish backdrop going into the event today. With that being said, something to the contrary could be catastrophic for the currency considering markets are searching for yield. Cyclical currencies, such as AUD, may already come under pressure this week should the delta variant be seen to stamp out near-term growth prospects in APAC nations. The US ... (full story)