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Australian shares are expected to open higher ahead of the central bank’s decision on interest rates.

The SPI200 futures contract was up 25 points, or 0.40 per cent, at 6,275.0 at 0700 AEST, suggesting a positive start for the benchmark S&P/ASX200 on Tuesday.

On Wall Street overnight, the Dow Jones Industrial Average was down 0.25 per cent, the S&P 500 was down 0.45 per cent and the tech-heavy Nasdaq Composite was down 0.50 per cent to a record high close.

The Reserve Bank of Australia will announce at 1430 AEST whether it has cut the cash rate from the record low of 1.5 per cent.

The Aussie dollar is buying 69.90 US cents from 69.91 US cents on Monday.