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18 Sep 2013
Flash: RBA minutes indicate more to go - BBH
FXstreet.com (London) - Research teams at BBH sighted the minutes were indicative of further easing, realising a softer Aussie.
“The minutes from the September 3rd RBA meeting suggest that while no rate cut is imminent, this may not yet be the end to the easing cycle”.
“Indeed, with the Australian dollar having risen nearly 5.75% since this month, the risk of a rate cut has risen rather than fallen”.
“The Aussie reached 3-month highs yesterday near $0.9400, but subsequently pulled back by about a cent before finding new bids…”.
“The minutes from the September 3rd RBA meeting suggest that while no rate cut is imminent, this may not yet be the end to the easing cycle”.
“Indeed, with the Australian dollar having risen nearly 5.75% since this month, the risk of a rate cut has risen rather than fallen”.
“The Aussie reached 3-month highs yesterday near $0.9400, but subsequently pulled back by about a cent before finding new bids…”.