What'll RBA say when it wakes up?
What will the usually interventionist RBA governor say when he wakes up on Wednesday and find the Aussie at 3-month highs? AUDUSD breaks above its 200-dma for the first time since April 2013, on a combination of improved global appetite and post-Yellen market re-assessment of USD positions sending the US currency falling across the board. Will RBA officials remind markets of their opposition to fresh AUD strength? Or will they temper their rhetoric as fundamentals improve gradually?
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