AUD traders note: RBA Gov Lowe, Dep Gov Bullock both speaking the day following meeting

The Reserve Bank of Australia monetary policy statement is due at 2.30pm Sydney time on Tuesday, 6 June 2023.

• this is 0430 GMT and 0030 US Eastern time

As I posted earlier, the consensus expectation is for an hold decision but its not a foregone conclusion, this is very much a 'live' meeting.

Previews:

Forecast for a +25bp RBA cash rate increase due to "ongoing inflation and wages concerns"

• ANZ, CBA, NAB & Westpac all expect Reserve Bank of Australia pause at next week's meeting

• ANZ raise its forecast for the RBA terminal rate to 4.35% (from 4.10%)

• National Australia Bank expect a +25bp rate hike from the RBA, but not until August

• Reserve Bank of Australia policy meeting tomorrow - preview

• Bank of America Reserve Bank of Australia preview - expect cash rate to be left unchanged

And Greg has the AUD techs here:

• AUDUSD sets the 50% midpoint as topside resistance...again.

Note also that coming up not too long after, at 9.20am and 9.50am on Wednesday, 7 June 2023 are Lowe and Bullock speaking

• Wednesday 2330 GMT and Tuesday 7.30pm US Eastern time

If there is any explaining to do after today's decision these will provide the opportunity.

ps. Those links you see in the pic I'll post on approach to the two events tomorrow.