Блог alifari

Avatar

RBA Monetary Policy Meeting Minutes

Fundamental View

The Reserve Bank of Australia will publish its minutes from the early March policy meeting on Monday. On March 4 the RBA held the Australian rate steady at 2.5%. This week's minutes are expected to return to the AUD overvalued narrative as more exporters are pressuring the central bank after the currency continues to trade over 0.90. Traders are curious to to hear comments on Australian employment front. Housing and exports are recovering, but unemployment continues to rise whi…
Читать
Перевести на Английский Показать оригинал
иличтобы оставить комментарий
Avatar

REVIEW OF RBA MONETARY POLICY MEETING

Going into the monetary policy meeting, A$ was trading near its 3 year lows because investors had been pricing in one more rate cut in 2014. According to the CFTC, there was also a significant amount of short positions in the Australian Dollar, so when the RBA said “on present indicators, the most prudent course is likely to be a period of stability in interest rates,” it immediately prompted short covering. For the first time in a number of months, the central bank also did not describe the Au…
Читать
Перевести на Английский Показать оригинал
иличтобы оставить комментарий