As expected, RBA left cash rate at the record low of 1.50% today. Rate statement was little changed from the previous one. I'd classify it as a neutral one, implying that the bank is on the sidelines for at least few more months.

Reaction in the Aussie was minuscule, the range since the decision has been about 15 pips. 0.75 level, backed by 200 DMA, continue to cap the pair after it has bounced off of the 50.0% retracement of this year's upswing, near 0.73.

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