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2026.02.1602:26:41UTC+00Australian Dollar Rebounds Ahead of RBA Minutes

The Australian dollar climbed to around $0.70 on Monday, breaking a two-session losing streak as investors shifted their attention to the forthcoming release of the latest Reserve Bank of Australia (RBA) meeting minutes. Although Governor Michelle Bullock has already outlined the board’s decision in press conferences and at two federal parliamentary hearings, Tuesday’s minutes are expected to shed more light on the reasoning behind the recent 25 basis point rate increase.

Governor Bullock indicated that a renewed pickup in inflation left the central bank with little option but to tighten policy, highlighting that the resilience of consumer spending and business investment had surprised the board. Markets are also awaiting Q4 wage data on Wednesday and January’s labor market report on Thursday, both of which are expected to offer additional guidance on the future path of monetary policy and the overall health of the economy.

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