Ella 
197
We remain skeptical that the market has shifted towards a decidedly dovish RBA outlook and wary of the possibility of a near-term correction, such as the Quarterly Statement on Monetary Policy (SOMP) on 4 August or Q2 in mid-August Wage price index and July employment data.
We remain neutral on AUD/USD with a target of 0.6600 by the end of the third quarter, with fading near the extremes of our 3Q range of 0.6350-0.6900.
