Focus for NZD/USD and AUD/USD is on the RBA meeting later in the global day with consensus among economists expecting a 25 bp cut to 3.5%, Westpac says in its morning report. The firm adds that before the RBA meeting, Australia's current account data due out. AUD/USD at 0.9727 vs 0.9660 late Monday. Barring a surprise from the RBA, Westpac says Monday's rebound should extend to the 0.9770-0.9790 area. NZD/USD at 0.7569. Having bottomed twice at 0.7457 since May 23, the firm says the pair should continue to rally to around 0.7640.
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