RBA Minutes:Any further rise AUD will slow the pickup in inflation and economy. Usual rhetoric 

Minutes of the November meeting

• PASS-THROUGH TO INFLATION COULD BE DELAYED BY MANY FACTORS INCLUDING RETAIL COMPETITION
• Headline and trimmed mean inflation had both been 1.8 per cent over the year to the September quarter, broadly in line with the Bank’s expectations.– Source TradeTheNews.com
• Steady policy consistent with growth
• Later today , more interesting perhaps we have Philip Lowe, Governor,on– Some Evolving Questions – at the Australian Business Economists (ABE) Annual Dinner, Sydney, that will be at 9.05GMT.
  Have a nice dinner.
• Here’s the link

AUD loses a spread on the consistent current comment, last at 0.7547 from 0.7555

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K-man

Fundamentalist market maker, turned all round market taker.
Philosophy: “Cycling is good for your health, overtrading is bad”

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