Goldman Sachs on the RBA & AUD: "long time since they've signalled concern about it"
In the local press here in Australia today, Goldman Sachs on the Australian dollar and Reserve Bank of Australia
Australian Financial Review article is here (may be gated): Higher Aussie dollar no barrier to RBA Melbourne Cup rate hike: Goldman Sachs
A few highlights that'll give you the gist of the AUD comments (along with that headline), from an AFR interview with Goldman Sachs Australia chief economist Andrew Boak
- RBA would, similar to other CBs, like a lower currency, but not concerned on AUD where it is now: "It's been a long time since they've signalled concern about it"
- " ... is probably 3¢ above its average of the past few years."
- "I would have thought mid-80s is much more problematic than where it is at the moment"
Plenty more (on the economy etc.) at the article linked above
Reserve Bank of Australia July meeting minutes due today at 0130GMT, previews: