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3 May 2013
Forex Flas: RBA on hold for next week and no signal that rate cuts are imminent - TDS
FXstreet.com (Barcelona) - With Aussie dollar currently at 1.0254 and threatening the mid term ascending trend-line coming from June last year, “We look at three scenarios for the RBA meeting next week,” say analysts at TD Securities.
“Our base line scenario sees the RBA on hold at 3% and giving no obvious signal that a rate cut is imminent,” TDS adds, suggesting: “However, the two risk scenarios are both AUD-negative,” they conclude.
“Our base line scenario sees the RBA on hold at 3% and giving no obvious signal that a rate cut is imminent,” TDS adds, suggesting: “However, the two risk scenarios are both AUD-negative,” they conclude.