The August RBA meeting minutes are due to be on Tuesday, August 20 at 01:30 GMT, and the tone is likely to come in on the dovish side.
Updates to Australias Consumer Price Index (CPI) may do little to curb the recent decline in AUDUSD as the core rate of inflation is expected to narrow to 1.5% from 1.6%.
AUDUSD carves a series of lower highs and lows ahead of the Federal Reserve meeting, with the broader outlook mired by the failed attempt to test the 200-Day SMA.
AUDUSD stands at risk for a further decline ahead of Australias CPI report as the rebound from the June-low (0.6832) stalls ahead of the 200-Day SMA (0.7087).
The Reserve Bank of Australia meets on Tuesday, June 4 at 04:30 GMT; rates markets are pricing in a 93% chance of a 25-bps rate cut.
The Reserve Bank of Australia meets on Tuesday, May 7 at 03:30 GMT; rates markets are pricing in a 38% chance of a 25-bps rate cut.
Updates to Australias Consumer Price Index (CPI) may fuel the recent decline in AUD/USD as the is expected to narrow to 1.5% from 1.8% in the fourth-quarter of 2018.