RBA may soon step up efforts to talk down the AUD - RBS

FXStreet (Bali) - Brian Daingerfield and Paul Robson, FX Strategists at RBS, note that the RBA may start to feel less comfortable with the current AUD value.

Key Quotes

"We anticipate the Reserve Bank of Australia (RBA) will leave interest rates unchanged at its June meeting next week."

"The RBA revised down its growth outlook at the May SoMP, but the RBA may acknowledge the stronger first quarter cap-ex in the non-mining sector, with a slightly softer economic outlook the RBA may be less comfortable with the value of the AUD, increasing the risks that the RBA steps up efforts to talk down the currency."