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AUD/USD: RBA minutes in focus- ANZ

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 19, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Guatemala) - Analysts at ANZ explained that the data calendar in Australia quiets down next week after key employment data and the Financial Stability Review (FSR) this past week.

    Key Quotes:

    "The more constructive view on the housing market revealed in the FSR is important, in our view. The still-strong housing market earlier this year, despite the macro- prudential measures introduced last December, was one of the key roadblocks to easier monetary policy in Australia. Even so, Deputy Governor Lowe‘s comments this week didn’t sound like the RBA was preparing to revise down their growth and inflation estimates dramatically at the November meeting.

    The RBA minutes may echo a similar tone, given the RBA made few meaningful changes to the domestic outlook in the October post-decision press release. To be fair both the meeting and Mr. Lowe’s comments came before the weaker- than-expected Australian employment report for September."
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