16 Feb 2015
Credit Agricole: AUD into RBA’s minutes – eFXnews
FXStreet (Barcelona) - The eFXnews Team notes Credit Agricole’s remains bearish on AUD/NZD ahead of tomorrow’s RBA’s minutes.
Key Quotes
“It cannot be excluded that the RBA will ease monetary policy further. This is especially true as weak labour market conditions, as confirmed by [..] employment report and muted external demand prospects, keep inflation subject to downside risk.”
“Going forwards, investor focus turns to next week’s RBA minutes release. We expect them to confirm the possibility of additional easing should incoming data make a case for it.”
“Accordingly we remain in favour of selling the AUD, for instance against the NZD, which should outperform on the back of more supported RBNZ rate expectations. We remain short the cross.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“It cannot be excluded that the RBA will ease monetary policy further. This is especially true as weak labour market conditions, as confirmed by [..] employment report and muted external demand prospects, keep inflation subject to downside risk.”
“Going forwards, investor focus turns to next week’s RBA minutes release. We expect them to confirm the possibility of additional easing should incoming data make a case for it.”
“Accordingly we remain in favour of selling the AUD, for instance against the NZD, which should outperform on the back of more supported RBNZ rate expectations. We remain short the cross.”
This content has been provided under specific arrangement with eFXnews.