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- Prospect of another interest rate hike and stabilization of the Chinese economy should help AUD – Commerzbank
Prospect of another interest rate hike and stabilization of the Chinese economy should help AUD – Commerzbank
The views are divided as to whether the Reserve Bank of Australia (RBA) will hike its key rate again or not. Economists at Commerzbank analyze what is needed to see an appreciation of the Aussie.
Will the RBA take further steps?
If the labour market turns out to be reasonably resilient according to the September data, with inflation easing less than expected – data for Q3 will be published next Wednesday – the RBA will probably hike the key rate in early November again. Above all after the economy in China stabilised again according to recent data.
The prospect of another interest rate hike and a stabilization of the Chinese economy should help the AUD, although it also has to fight against USD strength.
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