AUD is on the move as the USD weaknes in Asia and Reserve Bank of Australia says not overly concerned about level of a$ and that it is not far from fundamentals.
Key notes
reserve bank of australia assistant gov kent says short end of yield curve has a close correlation to the a$
26-jul-2020 18:34:27 – rba’s kent says watching three-year yields closely, would buy more if yields move away from 25 bps
26-jul-2020 18:37:09 – rba’s kent says negative rates would not be helpful in current circumstances
26-jul-2020 18:37:33 – rba’s kent says negative rates would hurt bank profitability
26-jul-2020 18:38:46 – rba’s kent says new monetary policy measures would come with costs
26-jul-2020 18:39:04 – rba’s kent says new policy measures not under consideration
26-jul-2020 18:40:04 – rba’s kent says room for further growth in rba balance sheet
26-jul-2020 18:40:56 – rba’s kent says a$ is not far from fundamentals
26-jul-2020 18:41:20 – rba’s kent says not overly concerned about level of a$
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