AUD/USD hit a high of $0.7371 in the wake....>

AUSSIE: AUD/USD hit a high of $0.7371 in the wake of the RBA MonPol decision,

last $0.7368, as the rate sticks to a tight range.

- Rate likely benefiting from a nod towards positive wage developments, even

though the Bank noted that any developments on the matter are likely to be

gradual in nature. "The stronger labour market has led to some pick-up in wages

growth, which is a welcome development. The improvement in the economy should

see some further lift in wages growth over time, although this is still expected

to be a gradual process."

- Talk re: tighter credit matters noted.

- "Ongoing trade tensions" also mentioned.

- All in all there was little in the way of notable developments in the

statement (the final paragraph continues the recent trend of remaining

unchanged), with tomorrow's AU GDP release providing the interest in terms of

economic releases this week.