The next chapter
AUDUSD coming off a couple spreads from 0.8005 to 0.7980 on
-House hold debt warning and statement rising rates abroad have no automatic implication for Australia .
-Economy improving but clearly there are risks
-Would like to see stronger business investment, continued jobs growth, faster wage growth.
In the Q&A session :
-Rates more limey to go up than down , but not for some time.
-RBA’s mandate very broad, will give us time.
-Workers not getting their fair share of national income
Audusd moves another leg lower down to 0.7960/65 , which may come in as a support area .
Link: http://www.rba.gov.au/speeches/2017/sp-gov-2017-09-21.html
Latest posts by K-man (see all)
- #Canada #Employment report preview. - November 5, 2021
- Rotation, ROTATION! - November 24, 2020
- $CNH living on hopium? Big week for the Yuan this. - January 13, 2020