RBA's next meeting after the one in next week, will not take place till February. Till then the central bank will meet for the last time on Tuesday, in which it will leave the rate unchanged and publish a positive statement.

The RBA governor Glenn Stevens suggests that Australian economy is beginning to improve in all sectors, the employment is also currently increasing. However, he will leave the chances open for another rate cut in the statement, as low inflation still leaves door open for further rate cut due to weak exchange rate.

Capex investment for the third quarter stood at -9.2%, lesser than ever before, reassures that the country's economy away from commodity sector towards other sectors of economy is in a slow progress.

"That means Stevens cannot yet abandon his expansionary monetary policy. Therefore, should the AUD continue its current recovery and appreciate notably despite a normalisation of monetary policy in the US, which points towards a stronger USD and a weaker AUD, the RBA will no doubt consider another rate cut", says Commerzbank in a research note.