High AUD discussed but RBA decision analysis remains 'nothing to see here'

Following yet another uneventful Reserve Bank of Australia (RBA) rates decision on July 2, analysts have been left searching for crumbs in a reserve bank statement which is universally interpreted as nearly identical in tone to its June equivalent. The strong Australian dollar features in many analysts' post-decision reports, but the consensus expectation is that the period of rates stability in Australia is likely to be protracted.