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May 31 - 09:55 AM

AUD: Will The RBA Follow The RBNZ; What's The Trade? - Credit Agricole

By eFXdata  —  May 31 - 08:30 AM

Credit Agricole CIB Research discusses its expectations for tomorrow's RBA policy meeting.

"The RBA will leave its policy parameters unchanged this week as it has already signalled it will make the decision on whether or not to roll its QE from the April 2024 to the November 2024 AGB at its July meeting. There will still be close attention paid to the RBA’s rhetoric, however, especially following the RBNZ’s hawkish turn last week," CACIB notes. 

"We continue to think the AUD is a buy on dips and that China PMI as well as US ISM and non-farm payrolls data will continue to generate volatility in the sentiment and rates-sensitive Antipodean currencies," CACIB adds. 

Crédit Agricole Research/Market Commentary


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