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ANZ note that they "have looked into the.....>

AUSSIE
AUSSIE: ANZ note that they "have looked into the impact that past changes in the
RBA's commentary around the AUD had on the currency. We find that the inclusion
of the exchange rate in the RBA statement generates some weakness in the AUD.
However, it is short-lived when it is not accompanied by an actual shift in
policy. Given the current level of the currency, and that a policy move is only
likely if we see sustained levels above USD0.75, any mention of the currency
within the upcoming statement will only present only a tactical opportunity."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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