Scope for further AUD strength as RBA refrained from Mentioning FX – MUFG


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What’s next after the RBA:
MUFG Research flags a scope for a higher AUD in light of this week’s RBA July policy meeting.
“It was also notable that the RBA did not mention the Australian
dollar in contrast to the RBNZ’s latest policy update. It suggests that
the RBA is less concerned by the stronger Australian dollar.