The RBA's February meeting minutes are due......>

RBA: The RBA's February meeting minutes are due out in a little over an hour, at

0030 GMT, 1130 AEDT, with little fresh expected.

- As a reminder the RBA stood pat at the Feb decision, while it appeared more

optimistic over growth prospects & the labour market but cautioned that the

progress to achieve its inflation goal would be gradual.

- Since then RBA rhetoric has been equally cautious, Gov. Lowe stressed that it

would be a sig. issue if wage growth didn't accelerate, although he did

reiterate that the next move in rates is more likely to be up than down. RBA's

Ellis was also cautious over the prospects for a notable uptick in wages, while

Bullock noted that high debt levels have an impact on the RBA's monetary policy

because they influence the calibration of interest rate changes.

- 10-Year Aussie bond futures last sit 1 tick lower at 97.110, while markets are

currently pricing around a 65% chance of at least 1 hike in 2018.

- For AUDUSD initial levels of interest come at 0.7941 to the upside & 0.7889 to

the downside, for AUDNZD 1.0780 & 1.0700 provide the initial lines in the sand,

while AUDJPY traders will likely see 84.89 & 83.85 as the initial R&S levels.