Wednesday, August 3, 2016

RBA meets today. Whilst there is certainly room for a rate cut given low tradable inflation and a core inflation th






FX Research
by Saktiandi Supaat


RBA’s Close Call





RBA meets today. Whilst there is certainly room for a rate cut given low tradable inflation and a core inflation that is below inflation target, we think a cut to cheapen AUD might not pay off in this month given supportive iron ore prices. If any, the next cut should be delayed into November ahead of a potential Fed rate hike in Dec. Apart from RBA, US releases Jun PCE Core, Fed Kaplan speaks in Beijing. We also eye Japan’s announcement of the fiscal stimulus which will be a key swinger for ...

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