In morning trading Tuesday, the yen stayed near seven-week highs against the dollar, however, was taking positions against higher-yielding currencies, particularly the Australian and New Zealand dollars on the eve of announcement of the decision at the rate in Australia. Reserve Bank of Australia today sits on monetary policy, while the market rumors of a possible shift of attitude toward the Central Bank tightening, even if the rate will be retained at 3%. The decision will be announced at 8.30, with a hint of a possible rate increase will boost the Australian and New Zealand dollars, which are now kept in the 11-month highs against the U.S. dollar. If the expectations of speculators are not met, the Australian can get a wave of selling. "The market takes into account the price aggressive process of normalization of monetary policy, but in this case for an Australian growing downside risks, if the RBA will confirm neutrality and does not announce his next step", - analysts said RBC Capital.
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