Goldman Sachs on the RBA & AUD: "long time since they've signalled concern about it"

Author: Eamonn Sheridan | Category: Central Banks

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

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ps
Reserve Bank of Australia July meeting minutes due today at 0130GMT, previews: