1 Jul 2013
Flash: RBA to stay on hold this week - UBS
FXstreet.com (Barcelona) - The RBA will publish its monetary policy update later this week, amid major weakness in the AUD/USD, hit by a perfect 'bear storm' on Fed tapering talk, China credit crunch fears and the RBA easing campaign not yet over.
According to Mansoor Mohi-uddin, Head of FX at UBS Macro Research, "The central bank is likely to stay on hold at its July 2 meeting but retain an easing bias, which should keep the currency a sell on rallies against the US and New Zealand dollars."
According to Mansoor Mohi-uddin, Head of FX at UBS Macro Research, "The central bank is likely to stay on hold at its July 2 meeting but retain an easing bias, which should keep the currency a sell on rallies against the US and New Zealand dollars."