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Australian Dollar Price Action Eyes August RBA Minutes
Ahead of the August RBA minutes release, Australian Dollar overnight implied volatility measures ticked higher across the board but appear relatively muted in comparison to average readings over the last 12 months. While the publication will certainly reveal details of the central bank’s latest monetary policy decision and appetite for further accommodation, low Australian Dollar overnight implied volatility readings might suggest that the August RBA minutes may lack market-moving potential. Yet, EURAUD overnight implied volatility of 6.47% stands out as particularly low in light of Tuesday’s political risk ... (full story)