A strategist at UBS speaking in an interview on Bloomberg TV

  • strengthening AUD doesn't reflect underlying fundamentals
  • current strength is driven by the wrong reasons
  • doesn't really reflect strength in the underlying domestic fundamentals
  • if current strength continues, the RBA may act

---

Do note that the RBA basically said little about the currency strength in Lowe's statement yesterday.

Also via UBS, but an overnight note - say

  • RBA ... statement somewhat optimistic in tone
  • continue to favour buy dips overall
  • 0.6920 ... next areas of resistance. We have come quite some way over the past couple of sessions and as such a little correction or consolidation may be needed before the next leg
A strategist at UBS speaking in an interview on Bloomberg TV