Door slammed shut on further RBA easing
Door slammed shut on further RBA easing? Hardly. While the RBA will be pleased with the recent depreciation in the AUD, something that they've sighted on numerous occasions to assist economic rebalancing, their inaction in 2014 may come back to haunt them come 6am tomorrow morning. Should the US FOMC lay the groundwork for a slower and shallower tightening schedule the first beneficiary of such a decision will be the high-yielding, AAA-rated Australian Dollar. (VIEW LINK)
David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest...
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