RBA's Ellis doesn't expect much overall impact on Australian banks from sovereign downgrade

Discussion in 'Fundamental Analysis' started by ForexLive, Jul 12, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Reserve Bank of Australia's head of financial stability Luci Ellis on the wires 12 July 2016 - downgrades for AAA rated countries tend not to have much impact Ratings agencies given the brush off by Ellis. AUDUSD 0.7586 just off session highs. Decent resistance/offers at 0.7600 in the way of further rallies.

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