West Pacific Bank: RBA Statement Shows Gradual Dovish Tone

Jinshi Data December 10th, West Pacific Bank forex strategy manager Chad Frannulovic said that the statement of the Australian Reserve Bank today shows a “gradually more moderate” tone. It is sending a signal that it has so far lacked confidence in sustained easing of wage and price pressures. It is worth noting that the Reserve Bank of Australia’s committee ultimately abandoned the guidance of “not ruling out any possibility”. The Australian dollar / US dollar now faces the risk of testing the lower level of 0.6350.

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