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MUFG see support for the AUD ahead of an RBA August rate hike (hike is not a done deal)

MUFG on the Reserve Bank of Australia and the Australian dollar. Analysts there rightly point out that Q2 inflation data next week (due July 26) is a key input for the Bank's policy decision (due August 1): a rate hike is not a done deal and a much softer CPI print could persuade the RBA to remain on holdMUFG say that The decision of the RBA to hold steady with rates on 4th July was deemed to be a ‘hawkish hold’ with the guidance indicating that further tightening ‘may be required’. This would b... Read More

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Posted: Jul 21 2023, 00:27

Author Name: forexlive

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