Forex Flash: RBA minutes to leave door open for dovishness - Standard Chartered

By FXstreet.com,  June 17, 2012, 08:45:00 PM EDT

FXstreet.com (Barcelona) - The Reserve Bank of Australia ( RBA ) will release the minutes of its 5 June board meeting in the next Asian session. The last meeting statement highlighted ongoing worries on the EZ debt crisis and weak data from China.

According to Kelvin Lau, Research Analyst at Standard Chartered: "We expect the minutes to reinforce this underlying dovish bias, and we do not expect the strong Q1 GDP and May labour-market reports to change this. We now call for two more cuts in the coming months, of 25bps each."




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks: RBA



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