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What's Next For AUD Post-RBA? - Views From 15 Major Banks
The RBA left its key rate unchanged yesterday at a historic record low of 2.25%. The following are a selection of the views on the RBA next move and on the AUD direction post-RBA as provided by the economists and FX strategists at 15 major banks. Goldman: Given the lack of follow-through overnight, it feels like the market may be staying short...We currently expect the RBA to ease by 25bp in each of the April and July meetings. The market is pricing around 38bp of cuts by July. SocGen: The cut has been delayed, not cancelled, judging by the accompanying statement. AUD/USD is a sell at 0.80 or so and AUD/NZD can ... (full story)
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