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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

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    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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