I posted SG on the Reserve Bank of Australia statement, focusing on the Australian dollar
This now from TD in Singapore, and again I've pulled out the specific comments on the AUD
(bolding mine)
The AUD is fluctuating around $US0.7960/70, looking for signs of jawboning.
- The Bank remains neutral, again noting that a stronger exchange rate dampens the outlook for growth and employment.
- However, the currency message is little changed, so is just a generalization and not a pointed comment.
Yeah ... the 'jawboning' from the RBA is pretty weak. Maybe there isn't much they can do/say ... but a bit of effort would be nice :-D
For today, TD note the GDP data to come and looking further out for the week to the retail sales data due Thursday:
- We did not see any new messages, but we see upside to tomorrow's Q2 GDP report and Thursday's retail sales for July.
