RBA Likely to Back Off Rate Hike Rhetoric Amid Middle East Tensions

• RBA expected to soften tone on rate rises due to Middle East crisis • Analysts believe RBA will remove mild tightening stance and signal rate cuts • But RBA still expected to focus on domestic inflation and avoid premature easing • Australian shares poised to open 0.7% lower on Middle East tensions • US jobs report reduces odds of imminent Fed rate cuts; boosts dollar