Credit Agricole CIB Research discusses its expectations for this week's RBA minutes from the April meeting.

"The RBA Minutes to the April meeting – when the central bank paused hiking rates for the first time in ten meetings – will be published on Tuesday and will be important for the AUD. The Board discussions around the rate pause and what it would signal to the markets will be important for investors and the AUD, as will any discussions on what would lead to further rate hikes other than Lowe signalling the central bank is watching business confidence, inflation and the labour market," CACIB notes.

"We continue to think the RBA will hike rates another 25bp in the coming months with Q1 inflation data to be released in about 1.5 weeks to be the determinant of whether it hikes rates in May," CACIB adds.