Goldman Sachs (London-based George Cole wrote in a note to clients) says:
- “Given the degree of anticipation for RBA easing through 2015, the hurdle for the RBA to push AUD materially weaker in the short term is high”
- Furthers adds that unless the Reserve Bank of Australia signals more than 50 basis points of cuts then the potential for the Australian dollar to fall further “is likely to be limited”
I had some earlier thoughts from GS here this morning: Goldman Sachs says RBA to hold tomorrow
