Morning Bid: RBA to take foot off rate hike pedal

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Morning Bid: RBA to take foot off rate hike pedal
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A look at the day ahead in Asian markets from Jamie McGeever.

dragged the Nasdaq into the red, but the broader index's decline was still only 0.27%.

The renewed fall in U.S. Treasury yields - they fell five to ten basis points across the curve on Monday - continued toThe biggest gainer on the greenback was the Australian dollar - up 1.5% for its best day in three months - ahead of the Reserve Bank of Australia's policy decision on Tuesday.Interest rate futures markets are attaching a near-90% probability to policymakers keeping the benchmark cash rate unchanged at 3.60%, putting the year-long hiking cycle on hold at least for now.

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