RBA remains dovish
RBA sees first rate hike in 2024 and if inflation & wage growth are higher than expected, it sees the first rate hike in 2023. As we know, the RBNZ has already hiked Rates and is likely to continue doing so, I therefore see further downside in this pair.
I'll update you on Tuesday, after RBA Monetary Policy Meetings have come out.
I'll update you on Tuesday, after RBA Monetary Policy Meetings have come out.
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