According to Jin10, State Street's Asia-Pacific head of macro strategy, Evans, said the Reserve Bank of Australia's fifth rate hike this year retained a somewhat dovish tone. Six members of the monetary policy committee supported the decision and three opposed it, resulting in a 25-basis-point increase in the cash rate to 4.85%. Evans said the RBA's reference to slower economic output growth showed some concern about weakness in the real economy. This could help cool inflation and affect market expectations for further monetary tightening. He added that real-money investors had begun reducing positions after previously being extremely overweight the Australian dollar. Any uncertainty about the future interest-rate path could put the Australian dollar at risk of decline.