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May 03 - 02:55 PM

AUD: A Buy On Dips; No Change Expected From RBA - Credit Agricole

By eFXdata  —  May 03 - 01:30 PM

Credit Agricole CIB Research doesn't expect any change from the RBA May policy meeting and maintains a buy-on-dips bias on AUD. 

"We expect the RBA to leave its policy parameters unchanged this week," CACIB notes. 

"While the RBA and Fed are both dovish and have economies performing strongly, the AUD has advantages over the USD in terms of a current account surplus and soaring terms of trade. We maintain the AUD is a buy on dips," CACIB adds. 

Source:
Crédit Agricole Research/Market Commentary

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