RBA once again held overnight cash rate at the record low of 1.5%. The accompanying statement was relatively upbeat. It didn't differ much from the previous one though. China debt still a medium-term risk. Slow wage growth to persist. GDP growth expected to have slowed in the first quarter - did they get an advance notice?

Aussie recovered from the overnight pullback on some weaker current account data. 0.75 is the immediate resistance. A break above could see some short covering. 0.745 should continue to hold, if this bull run still has some legs.

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