AUD unmoved by RBA speeches – TDS
|Analysts at TDS point out that there were two RBA speeches and as expected neither were meaningful for AUD or OIS.
Key Quotes
“Lowe's speech about an eAUD is of curiosity value while Kent's speech focussing on business finance isn’t relevant for Australia’s biggest firms (miners and banks issue paper or go to the equity market for finance). Headlines focussed on Lowe being anti-bitcoin. The actual quote is “When thought of purely as a payment instrument, it seems more likely to be attractive to those who want to make transactions in the black or illegal economy, rather than everyday transactions … So the current fascination with these currencies feels more like a speculative mania than it has to do with their use as an efficient and convenient form of electronic payment.”
“AUD: Consumer sentiment in Dec ends the year with a pop to 103.3, only the second time this year printing over 100. The increases were across the board, but special shout out to family finances up +15% and 9% in recent months.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.