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3 Mar 2015
Credit Agricole: AUD a sell on rallies, against NZD and USD – eFXnews
FXStreet (Barcelona) - The eFXnews Team notes Credit Agricole’s believes that the post-RBA’s decision AUD remains a sell on rallies against both NZD and USD.
Key Quotes
“Considering that both unstable external demand conditions and muted domestic conditions keep inflation subject to downside risk, monetary policy expectations are likely to remain strongly capped around the current levels.”
“From that angle we expect the AUD to remain a sell on rallies, against both the NZD and the USD.”
“This is especially true as the RBA reiterated that the currency remains above most estimates of its fundamental value given the significant declines in key commodity prices.”
“Even if such remarks do not provide new information, they still confirm that view that the currency is regarded to be an important driver of monetary conditions”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“Considering that both unstable external demand conditions and muted domestic conditions keep inflation subject to downside risk, monetary policy expectations are likely to remain strongly capped around the current levels.”
“From that angle we expect the AUD to remain a sell on rallies, against both the NZD and the USD.”
“This is especially true as the RBA reiterated that the currency remains above most estimates of its fundamental value given the significant declines in key commodity prices.”
“Even if such remarks do not provide new information, they still confirm that view that the currency is regarded to be an important driver of monetary conditions”
This content has been provided under specific arrangement with eFXnews.