This post was originally published on this site.With the hike all but priced, the Australian dollar reaction is likely to turn on the tone of the statement rather than the decision itself. ING expects a hawkish hike to support AUD, though it flags a test below 0.70 against the US dollar as the near-term risk with the greenback near a two-month high, and AUD/USD was trading around 0.70 ahead of the decision. Oil is the wider swing factor, as higher energy prices linked to the Middle East conflict feed directly into the RBA’s inflation concerns. Any sign the board sees...

This post was originally published on this site.A relatively quiet calendar but we do have an expected Reserve Bank of Australia rate hike. I’ll get a preview posted but for how: RBA preview: A 25 bps rate hike is priced in, but what comes after that? This article was written by Eamonn Sheridan at investinglive.com.