RBA bounces but how far can it go?
Bloomberg article.
The Aussie dollar has bounced on the RBA's statement on Monetary policy, rising around 15 pips, on the comment that they see higher inflation coming.
Bloomberg article pointing out that headline inflation is not going anywhere and AUD still expensive currency on PPP metrics with vulnerabilities to China US trade negotiations.
Ok, sure, don't expect a massive AUD rally, but as Justin pointed out earlier, it is a start at least. A start towards a rate hike.
