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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free Access### POV - The RBA as expected left the.......>
AUSSIE: ### POV - The RBA as expected left the cash rate unchanged at 1.5% on
Tuesday. In the statement that followed the board did note an appreciating
exchange rate would be expected to result in a slower pick-up in economic
activity and inflation than currently forecast.
Despite this AUD/USD holds a buoyant tone amid a backdrop of persistent dollar
weakness and rising commodity prices.
MNI FX Pi highlights scope for AUD bullish positions to extend. (See MNI FX Pi -
FX Positions Indicator email). However, traders remain cautious as the RBA has
the scope to lower the cash rate further and is prepared to use it if there are
signs a rising AUD is dampening growth and inflation. (See RBA may use scope to
lower rate - MNI Exclusive Insight email).
Focus turns to Friday and release of the quarterly SoMP (0130GMT) where the RBA
will outline its revised growth and inflation forecasts for 2018 and 2019.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.