OctaFX | OctaFX Forex Broker
Open trading account
Back

RBA to provide no further clues Tuesday - Deutsche Bank

FXStreet (Bali) - Deutsche Bank FX Strategists expect the RBA’s November Statement on Monetary Policy (SMP) to leave forecasts for GDP and CPI broadly unchanged from the outlook provided in the August SMP.

Key Quotes

"We expect the RBA’s November Statement on Monetary Policy (SMP) to leave forecasts for GDP and CPI broadly unchanged from the outlook provided in the August SMP."

"While there is some risk that the Bank may tweak its policy assessment language, our central expectation is for the Bank to again conclude that the ‚most prudent course is likely to be a period of stability in interest rates‛."

"Finally, we do not expect the SMP to elaborate on the discussion of possible ‚macroprudential‛ policies introduced in the RBA’s September Financial Stability Review."

AUD/USD prints lowest at 0.8730 amid broad-based USD strength

AUD/USD opened the Asian interbank session with sharp losses at 0.8740, printing its lowest at 0.8730 according to market sources, after a 0.8795 NY close last Friday.
Read more Previous

USD: Outlook data dependent, NFP key this week - RBS

The outlook for the USD, like the outlook for the Fed’s monetary policy, seems very data dependent, notes the FX Strategy Team at RBS.
Read more Next
Start livechat