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Brexit tipped to push $A higher, RBA to cut rates
The fallout from Brexit could make the Australian dollar even more alluring to investors, say leading economists and fixed income experts, adding to already intense pressure on the RBA to cut the cash rate to 1.5 per cent and lower. They say the shrinking pool of triple-A rated sovereign credits, Australia's relatively high interest rates and doubts about further US interest rate increases would continue to draw foreign money into Australian government bonds and other assets, pushing the Aussie higher against the US dollar. Despite whipsaw movements in the direct aftermath of the UK's historic vote on Friday to leave ... (full story)
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- lasty
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Beware of robber banks (RB), bad advisors.
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