Australian dollar fell to one-week minimum. It happened as the country’s Prime Minister Julia Gillard scheduled the election on August 21 that made the market believe that the Reserve Bank of Australia won’t raise interest rates next month.
The minutes of July 6 meeting when the central bank called the monetary policy appropriate will be published tomorrow. On July 28 will be the release of consumer price data.

Analysts at ANZ National Bank Ltd. in Auckland are sure that Australian rates won’t be lifted during the election campaign. If tomorrow minutes show that the RBA is satisfied with the interest rates level and the CPI turns out to be high, the rates will be left unchanged until August, claim the specialists. As a result, Aussie will find itself under pressure.

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