Strategists at RBS Australia claim that the retreat of the Australian dollar from its maximum versus the greenback at 0.9938 reached on Friday, December 3, won’t last long.

The specialists note that investors are now looking forward to the Reserve Bank of Australia’s rate statement that’s released tomorrow. Market’s currently pricing in 2.0% chance that the central bank will reduce the rate so any signs of tight approach from RBA will make the Aussie gain.

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