Monetary policy seems to be the center of attention this week in many countries throughout the world.

Minutes of November 3rd’s monetary policy meeting of the Reserve Bank Board were published Tuesday and confirmed once again the uncertainty of Australia’s economic condition.

The RBA report discussed the state of the global economy and pointed to recoveries in the U.S. and the Eurozone while showing how the slowdown in Asia has hampered growth with most of Australia’s trading partners. The economies in China and much of Asia continue to be unreliable in forecasting global growth despite inflation holding steady in both the advanced and emerging economies at rates below the targets of their central banks.

To boost consumer spending, Australia’s central bank is interested in keeping interest rates at record lows. Australian policy makers have kept rates at 2 percent for the past six months as the currency fell and the nation’s jobs market showed solid gains. Australia’s main industries—education, manufacturing and tourism—have been helped by a 32 percent fall in the Australian currency since the beginning of 2013. The Aussie stayed steady after the release of the RBS minutes, trading at 70.92 U.S. cents at 12:17 p.m. in Sydney. In its quarterly statement on monetary policy released Nov. 6, the RBA forecast growth would accelerate to 3 percent in 2016 from 2.25 percent this year.

EUR/USD Parity Close

Meanwhile, many economic strategists, including Goldman Sachs and Société Générale are certain that monetary policy in the Eurozone is moving toward the euro reaching parity with the U.S. dollar within a short time. It began with the free fall of the euro at the beginning of the year and was interrupted by the delays in interest rate hikes. Now it is back on the front page andtoday’s rate stood at 1.0653.

Jens Nordvig, Managing Director of currency research at Nomura Securities, suggests that the ECB will not be particularly aggressive in introducing any new policy changes but that slow and continuous easing could put downward pressure on the currency going forward. At the same time, the slow tightening cycle by the Federal Reserve which could see the U.S. central bank introduce its second hike around the middle of 2016 is also helping to decrease pressure on the currency pair. Swiss investment bank Credit Suisse is certain of a weaker euro and sees EUR/USD at parity in their 12 month forecast.