6 Apr 2015
RBA might cut rates by 25bp, AUD/NZD parity ahead – RBS
FXStreet (Barcelona) - FX Trading Strategists at RBS, preview the key events in this week for Australia and the probable impact on the AUD if RBA cuts rates by 25bps (expected).
Key Quotes
“The RBA is also due to meet … and we expect the RBA to cut the benchmark rate by 25bp to 2.0% in light of still-below-trend domestic growth and downside risks to commodity prices and Chinese growth.”
“We remain structurally bearish AUD and expect a push to parity in AUD/NZD.”
“Later in the week, Australia releases both home loans and investment lending for February. “
Key Quotes
“The RBA is also due to meet … and we expect the RBA to cut the benchmark rate by 25bp to 2.0% in light of still-below-trend domestic growth and downside risks to commodity prices and Chinese growth.”
“We remain structurally bearish AUD and expect a push to parity in AUD/NZD.”
“Later in the week, Australia releases both home loans and investment lending for February. “