FW: Global Markets Daily: RBA to remain A Stubborn Dove

 

 

RBA to remain A Stubborn Dove Global Markets Daily by Saktiandi Supaat FX Research AUD rallied, up 1% within the session yesterday against the USD (the outperformer amongst G10 currencies) after its retail sale surprised to the upside. The latest data supports our view that RBA has room to move rates higher but we know the central bank would stand pat as long as possible in the absence of price pressure... Saktiandi Supaat     (65) 6320 1379     saktiandi@maybank.com.sg Fiona Lim     (65) 6320 1374     fionalim@maybank.com.sg Disclaimer This message is intended only for the use of the person to whom it is expressly addressed and may contain information that is confidential and legally privileged. If you are not the intended recipient, you are hereby notified that any use, reliance on, reference to, review, disclosure or copying of the message and the information it contains for any purpose is prohibited. If you have received this message in error, please notify the sender by return e-mail immediately and delete all its contents. If you wish to read Disclaimer in details, please click HERE. To unsubscribe or change preference settings, please click here to contact your representative.