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For me there is nothing new in the RBA statement (expected)

Chris Weston

Pepperstone

For me there is nothing new in the RBA statement (expected). There are two clear things driving currency markets 1) central bank policy divergence 2) yield spreads. As long as the RBA has an easing bias (despite few believing they will move anytime soon) they have bought time for the Fed to taper and drive AUD/USD lower.

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Chris Weston
Chris Weston
Head of Research
Pepperstone

Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...

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