Sharing some key highlights from Reserve Bank of Australia (RBA) June Minutes:
1) Three-year yields target to be maintain until progress is made towards full employment as well as curbing employed.
2) Members agree that bank’s policy package is working broadly as per expectation.
3) It is noted that the economy of Australia is experiencing biggest economic contraction since the 1930s.
Upon release of minutes, AUD was a little subdued but picked up after. US stocks as well as Chinese equities dynamics are driving this.
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