The Aussie $ remains firm on speculation the RBA will keep borrowing costs unchanged (3.5%) at their meeting tomorrow. “Our rates are not moving lower so that’s always seen as a positive for the currency,” said Hans Kunnen , chief economist at St. George Bank Ltd. “The Australian dollar is perceived as a pocket of risk. It was risk-on over the weekend and that’s likely to flow through today.
Can it (Aussie $ ) , Kiwi, and Canadian dollar , the so called ‘commodity currencies’ also be considered ‘safe haven’ currencies because of their yields and political make-up ??
