DislikedThe February RBA Board Minutes will be released at 00:30GMT and are expected to show a balanced outlook with a hawkish bias, driven by upcoming data and the global situation. The futures market currently prices in a 38% chance of a rate rise in March, down from 45% on Friday. NAB Confidence data is also due at 00:30 GMT and should be positive.
Another session of range trading is favoured today in Asia, with most centers still closed for the Chinese New Year holiday. Strong local fundamentals and the positive carry provide underlying support for...Ignored
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