Action Insight Daily Report Aussie Boosted by RBA Statement, Focus on UK Data Aussie was boosted across the board by hawkish RBA Quarterly Monetary Policy Statement overnight and remains firm into European session. In the statement, RBA revised inflation forecast for the year to Jun 2008 up from 3.25% to 3.75%, well above its 2-3% target band. The bank said the inflation risk was “uncomfortably high”. More importantly “monetary policy is likely to need to be tighter in the period ahead.” in
Related posts:
- Daily Report: Aussie Boosted by RBA Statement, Focus on UK Data
- Daily Forex Technical Report – Aussie Surges on RBA Minutes, Focus on Canadian CPI
- Daily Forex Technical Report – Aussie Retreats after RBA Hike; BOC Cut Expected
- Daily Forex Technical Report – Yen Lower on Risk Appetite, Aussie Boosted by Employment
- Daily Report: Aussie Surges on RBA Minutes, Focus on Canadian CPI
Author:
Time:
Monday, February 11th, 2008 at 10:55 am
Category:
Comments:
You can leave a response, or trackback from your own site.
RSS:
You can follow any responses to this entry through the RSS 2.0 feed.
Navigation:
