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Jan 11 - 09:55 AM

AUD: Supported N-Term In Anticipation Of A Hawkish Shift From The RBA In Feb-1st Meeting - MUFG

By eFXdata  —  Jan 11 - 08:30 AM

MUFG Research discusses its expectations for the RBA policy trajectory into next month policy meeting. 

"Market participants will be watching closely the RBA’s upcoming policy meeting on 1 st February for a hawkish policy shift. If the RBA decided to bring an end to their QE program it will further reinforce RBA rate hike expectations and support the Aussie although a lot is already priced in considering the RBA is currently signalling it does not expect to begin rate hikes until at least next year," MUFG notes. 

"The main downside risks for the Australian dollar at the start of this year are posed by the risk of: i) a sharper real estate driven slowdown in China and ii) a broader correction lower for risk assets on the back of rising yields," MUFG adds. 

Source:
MUFG Research/Market Commentary

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