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Mar 01 - 10:55 AM

AUD: RBA Likely To Send A Dovish Message; Looking To Buy Dips Post-RBA - Citi

By eFXdata  —  Mar 01 - 09:45 AM

Citi discusses its expectations for tonight's RBA policy meeting. 

"The RBA is likely to send a more dovish message at its meeting this week given continued AUD strength and the sharp rise in Australian yields," Citi notes. 

"Bigger picture though, CitiFX Strategy highlights that this recent front-loading of QE is another marginally dovish sign that could see tactical underperformance of AUD, though the team remains bullish on the currency on a medium-term basis and think that post-RBA, there may be more opportune entry points for a bullish conviction," Citi adds. 

Source:
Citi Research/Market Commentary

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