ANZ's Hogan: AUD signalling a move to 74c ... .highlights risk of RBA cuts in 2016

Comments from ANZ chief economist Hogan:

• AUD/USD holding gains
• Signalling a move back to 74c
• With commodity prices on their knees this highlights risk of RBA cuts in 2016

more to come

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Hogan saying the RBA will not want the AUD to gain too much strength while commodity prices are weak (and getting weaker) ... thus increasing the potential for an RBA cut in 2016

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ANZ are currently calling for another 2 rate cuts from the Reserve Bank of Australia next year. If my memory doesn't fail me they first made this call (for 2 cuts in 2016) in September.