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

Chris Weston

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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