RBA’s Lowe: China reopening is positive for our economy

Anil Panchal FXStreet

Reserve Bank of Australia's governor, Phillip Lowe, adds some more comments while speaking at the Australian Financial Review Business Summit in Sydney early Wednesday. The policymaker said, “China reopening is positive for our economy,” while also adding that no particular implications for inflation from China reopening.

Also read: RBA’s Lowe: Closer To Pausing On Rate Hikes

Additional comments

We will have a completely open mind at board meetings.

Nuances on policy change from month to month on the data.

Recent data on balance were softer.

AUD/USD remains depressed

AUD/USD fails to react to the dovish comments as it seesaws around the four-month low, last seen marking mild losses near 0.6585 on intraday during early Wednesday.

Also read: AUD/USD stays pressured at four-month low under 0.6600 as RBA’s Lowe sounds dovish

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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