AUD/USD dives as RBA’s statement not restrictive enough for the market – Commerzbank AUDUSD RBA InterestRate Banks
“In principle, thecontinues to sound hawkish. It raised the key interest rate by 25 bps to 3.60% and expects that the key rate will have to be raised further. In short, the interest rate cycle is not over yet, with the RBA making further action data dependent.”
“Similar to other countries, while headline inflation is falling due to falling energy prices and base effects, upward pressure remains in many other areas, especially services and wages. As the RBA makes its further course of action data dependent, the market must and will continue to focus on price and economic data for the time being.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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