21 Jul 2015
RBA minutes coming up: neutral bias rhetoric - NAB
FXStreet (Guatemala) - Analysts at NAB favour the RBA on hold for an extended period of time, taking the following in to consideration.
Key Quotes:
"Our core views remain broadly on track, in spite of all the recent uncertainty about Greece and China: the non-mining economy is currently more than offsetting the drag from the mining economy – especially as far as the labour market is concerned."
"This will see the RBA on hold at 2% for an extended period. The Fed continues to edge toward tightening in the next few months, which should provide support for the US$ and allow the AUD/USD to continue to ease toward year-end targets of US$0.72."
Key Quotes:
"Our core views remain broadly on track, in spite of all the recent uncertainty about Greece and China: the non-mining economy is currently more than offsetting the drag from the mining economy – especially as far as the labour market is concerned."
"This will see the RBA on hold at 2% for an extended period. The Fed continues to edge toward tightening in the next few months, which should provide support for the US$ and allow the AUD/USD to continue to ease toward year-end targets of US$0.72."