AUD/USD: Aussie to outperform in the near-term unless a deeper correction in risk assets – MUFG AUDUSD RBA Ukraine Inflation Banks
that have been supporting the Australian dollar recently.“The RBA noted that recent geopolitical tensions were a major new source of uncertainty. The main policy focus though was on the risk they pose for faster inflation rather than any material impact on growth. They now expect a higher CPI spike due to higher petrol prices resulting from global developments.”
“While inflation has picked up, the RBA still believes it is too early to conclude it will be sustained within their target range. It is prepared to be patient before raising rates. There was no clear indication that the RBA has moved closer to raising rates.” RBA“The aussie should continue to outperform in the near-term unless there is deeper correction in risk assets.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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