Decision of the Reserve Bank of Australia to keep rates at 4.75% was expected, not least because of the tightening in the last month, which was seen partly as a proactive measure. The accompanying statement reflected the fact that the rate "above average" are considered by the growth of economic prospects. Market is modestly assesses the chances of further tightening by the RBA in the coming months, so while there are benefits from this, the less likely it will happen in the coming months. All this combined with rising expectations of policy tightening in China against the backdrop of rising inflation, especially food. This will help keep dust curry currencies in early 2011. Technically, the rally from a pair AUD / USD looks a little tired.
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