Morgan Stanley warn of RBA "push-back" against AUD strength

Author: Eamonn Sheridan | Category: Central Banks

Via a Morgan Stanley research note, a summary of the Australian dollar view:

Despite the warning on what the Reserve Bank of Australia may be thinking (see below) MS hold a 'neutral view' on the AUD, but hedge with a 'bearish skew'. Analysts citing:
  • AUD/USD is vulnerable to a short-term pullback
  • risks are rising that the RBA pushes back on AUD strength
  • and AUD/USD bullish sentiment is consensus

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