Commerzbank on the 2 options the RBA has to lower the AUD

An overnight note from Commerzbank on the CPI data, the RBA , and the Australian dollar (bolding mine) — Further easing risks reigniting the property market, which is (finally) showing signs of slowing house price growth. The RBA has been (still is) concerned that more debt, chasing higher property prices, is a risk to the…

Bank of Canada due at the top of the hour

No change expected The USDCAD has the 100 day MA at 1.2647 as a key barometer for bullish above and bearish below through the decision.  Poloz and Wilkins will follow up the statement with a press conference at 11:15 AM ET/1515 GMT. Copyright 2015 Forexlive.com