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Aug 02 - 02:55 PM

AUD: Likely To Come Under Pressure If RBA Announces A Delay Of Tapering - SocGen

By eFXdata  —  Aug 02 - 01:30 PM

Societe Genearle Research discusses its expectations for the AUD outlook around tonight's RBA policy meeting.

"The AUD will come under selling pressure if the RBA announces that it delays the tapering in weekly bond purchases beyond September," SocGen notes. 

"The correlation of the AUD with iron ore and the CSI-300 is far from statistically relevant but the bearish seasonality is overwhelming and market ructions in China suggest it is too soon to try and pick a bottom in the AUD in the short-term," SocGen adds. 

Société Générale Research/Market Commentary


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