AUD: Marker Rushed Too Hard About Speculating RBA Deploying Unconventional Policy Measures – Citi

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The Australian Dollar has risen after Australia’s unemployment rate dropped. Where next for AUD/USD?

Here is their view, courtesy of eFXdata:

Citi discusses the RBA policy trajectory in light of the central bank’s latest meeting minutes this week.

“RBA monetary policy remains mildly dovish with further cuts dependent largely on the performance of the labor market. Following the three recent rate cuts and no smoking gun for another near-term cut, Citi analysts retain their call for no further policy easing until February 2020 as the RBA appears prepared to give previous rate cuts and tax rebates more time to support activity and given the previous commentary from Governor Lowe that the economy has reached a gentle turning point. No discussion of QE in the Minutes – Despite the cut to 75bps in October, the Minutes make no mention of unconventional measures.

“Citi analysts think markets appear to have rushed too hard into speculation about unconventional policy measures being deployed in Australia,” Citi adds.

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Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned the significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

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