AUD to remain supported as long as the RBA remains on a restrictive course – Commerzbank AUDUSD RBA InterestRate Banks
RBA raised the policy rate again by 25 bps to 4.10% and held out the prospect that ‘some further tightening of monetary policy may be required to ensure that inflation returns to target in a reasonable timeframe, but that will depend upon how the economy and inflation evolve’.
Now the upcoming data releases on the labour market and inflation will determine whether the AUD will be able to hold its gains. For as long as the RBA remains on a restrictive course, it should remain supported.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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