RBA minutes: AUD/USD may fall further when Fed hikes rates

FXStreet (Bali) - The latest Minutes of the RBA August monetary policy Board meeting are out, with the Central Bank noting that AUD/USD could depreciate further when Fed hikes.

Main headlines - via Reuters

Accommodative policy setting remained appropriate

Economy adjusting to shift in activity in the resources sector, lower A$ assisting

Economic activity had generally been more positive over recent months

USD could appreciate further versus AUD and other asian currencies when fed hikes rates

Inflation expected to remain consistent with target over forecast period

Very low interest rates supporting strong growth in housing investment, consumption

Forward looking data pointed to further strength in housing investment

Recent measures to curb lending to investors should reduce risks to housing market

Would review coming data to judge if rates remain appropriate

China's response to recent stock market volatility had clouded Chinese economic outlook