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4 Dec 2014
AUD: Now is the summer of our discontent - Westpac
FXStreet (Guatemala) - Westpac Global Strategy Group noted that The RBA may need to act as soon as the first quarter of 2015.
Key Quotes:
“Last Australian summer/ northern winter, the RBA swung from an easing bias to a "period of stability" on rates”.
“Another swing looks to be in prospect into the next meeting in Feb 2015, with lots of gloomy domestic news to prompt fresh monetary easing and ongoing weakness in AUD”.
“The Fed’s preference for higher rates from mid-2015 should be reinforced in the week ahead by mostly decent US data and an increased focus on the looming FOMC meeting, supporting USD/majors.
“
Key Quotes:
“Last Australian summer/ northern winter, the RBA swung from an easing bias to a "period of stability" on rates”.
“Another swing looks to be in prospect into the next meeting in Feb 2015, with lots of gloomy domestic news to prompt fresh monetary easing and ongoing weakness in AUD”.
“The Fed’s preference for higher rates from mid-2015 should be reinforced in the week ahead by mostly decent US data and an increased focus on the looming FOMC meeting, supporting USD/majors.
“