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Nov 08 - 12:55 PM

AUD: Likely To Trade In A Wide Range N-Term; RBA To Hike Another 25bps In December - Barclays

By eFXdata  —  Nov 08 - 11:45 AM

Barclays discusses AUD near-term outlook and expects the RBA to hike another 25bps in December policy meeting. 

"The AUD is likely to trade in a wide range in the near term, tracking news on potential policy support out of China and swings in the USD/risk sentiment. Domestic data is less likely to be driver with the RBA now behind us," Barclays notes. 

"The RBA hiked 25bp last week, under-delivering marginally relative to market pricing even as it raised inflation forecasts. Our economists maintained their view of another 25bp hike at the December meeting to a terminal OCR of 3.10%," Barclays adds. 

Source:
Barclays Research/Market Commentary

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