Forex News RBA tightening cycle may be at an end, but the bank won't be cutting rates through 2009, with any easing to come in 2010 at the earliest as risks from CPI linger, say strategists at Westpac. Next week "is all about" 2Q CPI due Wednesday, expecting underlying CPI growth of 1.2% on quarter and 4.5% on year, subject to PPI due Monday. "Given the risks to CPI we have to see Australian dollar as a buy on dips." Says remains long AUD/NZD, pair now 1.2744. AUD/USD last at 0.9733.
0 comments:
Post a Comment