AUD on the verge of losing the 0.80 handle on RBA - ANZ

FXStreet (Barcelona) - Daniel Been, analyst on ANZ's research team noted that the Central banks are surprising markets on a more consistent basis — with the Bank of Canada (BoC) the latest to cut rates.

Key Quotes:

"The BoC decision has relevant parallels to Australia — namely, a commodity-centric economy with growth slightly below-trend and an inflation pulse that is providing space for some additional easing."

"Soft data outcomes in Australia next week (business confidence and the CPI) will raise risks that the RBA will act sooner than the market expects, and implies the AUD won’t be above USD0.80 for much longer."