In the local press here in Australia today, Goldman Sachs on the Australian dollar and Reserve Bank of Australia
Australian Financial Review article is here (may be gated): Higher Aussie dollar no barrier to RBA Melbourne Cup rate hike: Goldman Sachs
A few highlights that'll give you the gist of the AUD comments (along with that headline), from an AFR interview with Goldman Sachs Australia chief economist Andrew Boak
- RBA would, similar to other CBs, like a lower currency, but not concerned on AUD where it is now: "It's been a long time since they've signalled concern about it"
- " ... is probably 3¢ above its average of the past few years."
- "I would have thought mid-80s is much more problematic than where it is at the moment"
Plenty more (on the economy etc.) at the article linked above
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ps
Reserve Bank of Australia July meeting minutes due today at 0130GMT, previews:
