Intraday Market Thoughts

What'll RBA say when it wakes up?

by Ashraf Laidi
Mar 25, 2014 18:17

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?

Aussie has been a much favoured currency in our Premium Insights over the last 2 months, with focus on AUDCAD, AUDUSD and AUDNZD. Bad news from Chin has not hit the wires in a while. Find out if we have changed our AUD bias, or are once again long or short the Aussie-and against which currency in our latest Premium Insights.

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