Asia markets traded higher as investors continue to wait for policy details from the Trump administration on tax reforms and deregulation.
The RBA held interest rates steady on Tuesday, with the statement likely signaling the central bank will remain on hold for some time.
Paul Bloxham of HSBC weighs in on the RBA's decision to keep cash rates steady.
However, any future move from the RBA is likely to be a downward one, says Ivan Colhoun at the National Australia Bank.
With issues in the housing market and below-target inflation, the RBA is unlikely to change rates, says Gareth Aird at Commonwealth Bank.
Australian consumer prices rose by less than expected last quarter while core inflation stayed stubbornly stuck at all-time lows.
Asian shares traded mostly higher on Tuesday with the exception of mainland China and Hong Kong markets weighed by continued yuan weakness.
The economic outlook for Australia in 2018 is a matter of concern, says Ivan Colhoun at National Australia Bank.
Softer economic conditions suggest there will be greater accommodation from the RBA next year, says Andrew Ticehurst at Nomura Australia.
Asian shares were higher, with Japan's benchmark index up on a Trump announcement that saw SoftBank shares gain smartly.
The Australian economy shrank for the first time in over five years last quarter.
Asian markets bounced back on Tuesday with the central bank in Australia holding its benchmark rate steady.
The RBA's commentary focused on recovering global commodity prices, but the domestic Q3 GDP print could be negative, says Nomura Australia's Andrew Ticehurst.
The decision was a widely expected one as it assesses the impact of past cuts in August and May.
Steven Milch at Suncorp talks about his expectations for GDP figures in Australia and the Reserve Bank of Australia's meeting.
Market expectations of a Federal Reserve move in December have risen to 92 percent according to an analyst.
Chinese markets traded higher after stronger-than-expected twin PMI surveys gave investors a boost of confidence.
The Reserve Bank of Australia held interest rates at 1.5 percent on Tuesday, a widely expected decision.
The RBA's decision was largely in line with expectation but a rate cut down the road shouldn't be ruled out, says Nomura Australia's Andrew Ticehurst.
It's unlikely the RBA will adjust the cash rate as core inflation was in line with forecasts, says Steven Milch, chief economist at Suncorp.