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Trader, analyst and instructor with a 6-year experience

NAB: comments on RBA

According to analysts at NAB, тnothing has really changed in the RBA policy stance since the August meeting. "The September RBA policy statement offers nothing really new for the Australian dollar and remains with an easing bias", they say.

"Also note that they continue to try talk the currency down, saying 'It is possible that the exchange rate will depreciate further over time, which would help to foster a rebalancing of growth in the economy'. Really nothing new for rates or FX markets in the statement." 

 

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