Following the Reserve Bank of Australia Governor’s indication last December that he would prefer AUD to be US75 cents, and the subsequent fall in commodity prices, HSBC suggests the AUD is probably still 10% to 15% above the RBA’s comfort level. Paul Bloxham, Chief Economist at HSBC in the May 19, 2015 research report titled: “AUD is still too high for the RBA” notes Australia’s central bank is quietly fighting a currency war. AUD to drop further despite its substantial fall recently According to the HSBC analyst, in the heady days of the commodity prices boom back in 2011, one…
AUD Is 10% to 15% Too High For RBA’s Comfort: HSBC
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports