The Aussie dollar has failed to receive a....>

AUSSIE: The Aussie dollar has failed to receive a boost from the release of the

RBA's July minutes, and remains firmly locked in an ongoing downtrend, currently

trading at 0.7412.

- Bonds have seen a slight rise in yields, particularly at the short end of the

curve, likely in response to the statement that the next move in the cash rate

would be an increase rather than a decrease. 

- The broad weakening trend in AUDUSD is in line with the wide gap between the

currency pair and real bond yield spreads between the two countries, which

continues to suggest the AUD is still ~10% overvalued.