Forex Flash: Another cut ahead in the RBA cards – NAB

FXstreet.com (Barcelona) - Following today's RBA minutes, and its most quoted line out of it being "Members considered that further easing may be appropriate in the period ahead," NAB analyst David de Garis believes there is more to come in next meetings: "We continue to expect that there is at least another cut out there and possibly more," the analyst says.

"Even so, we doubt that RBA has yet accumulated sufficient evidence through November to suggest that December is a 'live' event for another easing at this time," David notes, adding: "we remain very watchful of housing and the labour market as key barometers of the economy and non-resource demand and growth in particular."

AUDUSD trades in a choppy fashion around the 1.04 handle at the moment being.