ANZ on the Reserve Bank of Australia Statement on Monetary Policy

It seems to be wall-to-wall RBA today …

It’s a typical pre-NFP session for the euro, very little change. Add in the importance of the Greek negotiations, in which there is not fresh news at this time of the day, and well, yeah … here’s another post on the RBA …

Mind you, the yen is flexing a little … USD/JPY is off 20-odd points, while EUR/JPY is down more given the little drift off in EUR/USD combined with the lower USD/JPY.

ANZ on the Reserve Bank of Australia Statement on Monetary Policy. They say (in brief):

• The downgrades to growth and inflation forecasts were less severe than feared
• Statement gave little indication of the near term path for monetary policy
• They still expect another rate cut next month