Just a quick FXL PSB for our AUD traders 5 Sept
RBA governor Lowe due to speak at 09.10/15 GMT as both Eamonn and I warned earlier.
AUDUSD currently in limbo at 0.7969 after the post-RBA wobble.
Let's see if Lowe can shake it up a little.
Here's the headlines from the RBA statement with the "on hold" decision earlier.
- RBA says global economy continuing to improve
- Says rising A$ would lead to slower economic growth than otherwise
- Recent rise in A$ weighing on outlook for output and employment
- Higher A$ is restraining price pressures
- House prices rising briskly in some markets
- Growth expected to pick up gradually over the coming years
- Drag following mining investment boom almost complete
- Says some signs housing market starting to cool
- Says housing debt has outpaced slow growth in incomes
- Says expects gradual increase in underlying inflation
- Employment has been stronger over recent months, forward looking indicators strong
AUDUSD 15m
