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19 Feb 2013
Forex Flash: ASX200 rally hints AUD softness may not last - RBS
The ongoing out-performance from the Australian stock market, in view of Greg Gibbs, currency analyst at RBS, "suggests that the recent relative softness in the AUD may not last" he notes.
In his daily view of the market, the analyst includes: "The broad-based gains in the stock market, especially in sectors like consumer discretionary stocks and industrials that might be damped down more by an expensive exchange rate suggest that the RBA should not be rushing to cut rates in coming months."
In his daily view of the market, the analyst includes: "The broad-based gains in the stock market, especially in sectors like consumer discretionary stocks and industrials that might be damped down more by an expensive exchange rate suggest that the RBA should not be rushing to cut rates in coming months."