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Slight Tweak In Language Surrounding The A$

RBA

The RBA minutes deployed a slight tweak in the language surrounding the A$, as the Bank noted that "the appreciation of the Australian dollar had been consistent with the increase in commodity prices, particularly iron ore prices, over recent months. While members noted that the Australian dollar was broadly aligned with its fundamental determinants, a lower exchange rate would provide more assistance to the Australian economy in its recovery."

  • Previously, it chose to deploy the in line with fundamentals rhetoric in isolation.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
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MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
BulletMarketsFixed Income BulletsForeign Exchange Bullets

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