• Steady after closing +0.2%, with the U.S. dollar -0.2% in a choppy session

• AUD generally USD led offshore - AUD climbed with risk appetite in Europe

• The AUD then retreated in NY as UST yields and the U.S. dollar climbed

• RBAs Monetary Policy statement leads AUD event risk - focus on RBA forecasts

• Inflation forecast at 4.75% for 2023 and 3% for mid-2025 at Tuesday's hike

• Growth was forecast to be around 1.5% in 2023 and 2024 - changes key for AUD

• The general tone of the statement will also influence AUD sentiment

• Technical signals remain neutral, suggesting further choppy consolidation

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