Adding a preview of the Reserve Bank of Australia announcement due at 0430GMT on Tuesday 7 August 2018
Previews already posted from around the place:
- Preview of the RBA August monetary policy decision - implications for the AUD
- RBA monetary policy decision coming up at 0430GMT, preview
- AUD traders - RBA meet Tuesday, statement at 0430GMT - preview
- AUD traders - RBA meet Tuesday (statement 0430GMT) - preview
- Big week ahead for central banks in Australia and New Zealand
Via CBA now:
- On hold today and for quite a long time ahead
- difficult economic environment
On the Australian dollar:
- AUD fair value at about 83 cents
- expects AUD to dip to 72 by the end of Q3
- to 77 cents before the end of 2019
- Australia may see a pickup in trade partly because of the frictions between the U.S. and China "But overall nobody wins a trade war"
- "bad or negative sentiment in Asia is going to reflect in the Aussie dollar as well"
Comments from Michael Blythe, chief economist at Commonwealth Bank of Australia on Bloomberg TV
