Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
BOK Expected to Hold Rates at 2.50% as Housing and Currency Pressures Persist 
Kazakhstan Central Bank Holds Interest Rate at 18% as Inflation Pressures Persist 
BOJ’s Noguchi Calls for Cautious, Gradual Interest Rate Hikes to Sustain Inflation Goals 
UK Raises Deposit Protection Limit to £120,000 to Strengthen Saver Confidence 
Brazil Central Bank Plans $2 Billion Dollar Auctions to Support FX Liquidity 
BOJ Governor Ueda and PM Takaichi Set for Key Meeting Amid Yen Slide and Rate-Hike Debate 
Fed Officials Split as Powell Weighs December Interest Rate Cut 
RBA Reassesses Pricing Behaviors and Policy Impact Amid Inflation Pressures 
For the first time in almost two years the Reserve Bank of Australia (RBA) signalled that the Australian dollar wasn't overvalued in its monthly monetary policy statement, sending a clear signal to markets that further interest rate cuts are unlikely to be needed to smooth out the imbalances Australia's economy has faced over the last few years.
Minutes from the bank's August 4 meeting when the bank left the cash rate at 2.0%, released on Tuesday, signalled that the central bank is much more comfortable with how the economy is evolving, with the weaker level of the Australian dollar and record-low interest rates stimulating demand.
Last week China embarked on a new strategy for settings its daily currency rate which would help to support its export sector by bringing the currency closer to its market value. Last week the Chinese Yuan was devalued by close to 3%, sending shockwaves through the markets, and causing panic among China's largest import nations, including Australia.
The other major risk to Australia, and particularly the course of the Australian dollar, is the timing of the Fed's first rate hike, which is widely expected to come in September.
