The Aussie Dollar has been under heavy selling pressure across the European morning on Tuesday, following the August RBA meeting overnight. The bank caught markets a little offside by keeping rates steady at 4.10%. While expectations were split, consensus favoured a further .25% hike yesterday, as reflected in the Bloomberg economists survey where 15 out of 25 respondents forecast a further hike. This was similar to the Reuters survey which showed 20 out of 36 in favour of a hike. Tightening Might be Finished Explaining the decision to hold rates steady, the RBA noted that past tightening was helping cool demand, ... (full story)