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FXStreet (Bali) - Sean Callow, FX Strategist at Westpac, breaks down the key events on Tuesday, highlighting the RBA minutes as the main event in Asia.
Key Quotes
The RBA minutes will be released at 11:30am Syd/9:30am Sing/HK. We will be looking for any additional hints around the likelihood of a May cut, after the steady hand in April surprised markets.
The RBA maintained an easing bias in their statement following the Apr meeting, that “it was appropriate to hold interest rates steady for the time being. Further easing of policy may be appropriate over the period ahead”.
We will see the German Apr ZEW survey of investor sentiment. Both the current situation and expectations are forecast to rise slightly. After bouncing from lows late 2014, they have risen every month since Nov. The US calendar is empty.
