The Australian dollar climbed against a basket of currencies on Monday (October 5th), as traders anticipated an interest rate hike from the Reserve Bank of Australia (RBA).Ahead of the central bank's monthly meeting tomorrow, two influential FX trading columnists said a rate cut was imminent.Reuters reports that the consensus view among traders had been that interest rates would be kept at three per cent until November at the earliest."We don't see the urgency for a move and still think they'll wait, but it sounds like it could be a close call," said Annette Beacher, a senior strategist at TD Securities in Singapore.In the months following the collapse of Lehman Brothers in September 2008, the RBA cut the cash rate by a total of 425 basis points and has kept rates on hold since April.Australia has enjoyed strong housing sales in the wake of the rate cuts and consumer spending has also recovered well, leading foreign exchange traders to factor in a rate cut in the near future.