Aust dollar above US93c in late trade

By Elizabeth Redman

FXCM market analyst David de Ferranti said jawboning rhetoric is likely to remain comparatively soft. "Recent domestic data has not materially changed since the board’s last meeting," Mr de Ferranti said. "This suggests ‘a period of stability’ for rates will remain the RBA’s preference. "A more dovish lean would be taken as a surprise and put pressure on the Australian dollar.

Read more here: Business Spectator

    

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