According to CoinMeta, the Reserve Bank of Australia (RBA) is expected to maintain interest rates unchanged for the remainder of this year and continue to use a hawkish tone in its communications. This combination of maintaining a wait-and-see approach without shifting to a dovish stance means that interest rate decisions will provide limited guidance for the short-term trend of the Australian dollar. A signal of greater market relevance is that the RBA is expected to raise its forecasts for unemployment rates and lower its projections for overall inflation and core inflation. If inflation forecasts are significantly revised downward, even if the RBA continues to indicate a tendency to raise rates in its rhetoric, the market may interpret this as an opening for subsequent easing measures. Additionally, if conflicts in the Middle East further intensify, there could be additional cost pressures in the third quarter, which might force the RBA to adopt a more hawkish stance than what current data would suggest.