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How To Trade AUD Into RBA? - Views From 15 Major Banks
The following are the expectations for tonight's RBA February policy meeting as provided by the economists at 15 major banks along with some strategies to trade the AUD into the meeting as provided by the FX strategists at these banks. Goldman: There is a higher hurdle for RBA to push AUD weaker. This week, we expect the RBA to shift to an easing bias, before cutting rates by 25bp in each of the March and August meetings...And with the market rapidly pricing 16bp in cuts for the February meeting this week – and keenly focused on central bank surprises – a cut this week is fast becoming the base case for the ... (full story)
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