RBA Preview: A hawkish hike should continue to keep AUD better bid – OCBC
AUD/USD closed above the 0.65 handle for the first time in about three months. Economists at OCBC Bank analyze the pair’s outlook.
RBA likely to hike
For the RBA meeting, we see a good chance of RBA increasing cash rates by 25 bps.
Given that market is 50-50, the chance of a two-way swing is relatively high around timing of the RBA policy announcement.
A hawkish hike should continue to keep AUD better bid while a no hike should see last week’s gains in AUD reversed.
Reprinted from FXStreet_id，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.