Ossie is preparing for a heavy week and the key decisions on interest rates, both in the U.S. and in Australia. The market turned in the direction of a more coherent view on QE Fed, and it made the Aussie vulnerable to roll back this week because of cuts Long in anticipation of the future environment. Before this, on Tuesday, the Reserve Bank of Australia announced the decision on interest rates. As expected, the policy will not change, especially after more sluggish than expected CPI data this week. Nevertheless, the policy bias remains RBA to tighten and interest rates would likely rise from its current "neutral" level of 4.5% early next year.
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