Softer than expected domestic GDP partials...>

AUSSIE: Softer than expected domestic GDP partials pushed the AUDUSD to session

lows of 0.7637, with support coming in the form of the 55-DMA at 0.7616. AUDUSD

last at 0.7645. Participants now await the RBA MonPol decision due later today.

- All of those surveyed expect the RBA to stand pat at today's decision. It's

unlikely the RBA will make any change to the guidance, so the most important

part of the statement may be the one on the housing market as this is where the

key downside risk to the economy lies. Elsewhere comments re: GDP partials &

their impact on the Bank's economic outlook will be eyed.

- The IB strip isn't fully pricing a 25bp hike until October of 2019, while the

OIS strip is only pricing in around 6bp worth of tightening over the next 12

months.