Fri Aug 9th 2013 - AUD Strategy Update: RBA Aug qtrly Statement (i) 2013 growth downgraded to 2 1/4% from 2 3/4% on softer demand & lower mining investment (ii) Global economy also seen slower near term but expected to be slightly above average in 2014. Reform risks remain in China & Japan (iii) Even with $A -15% depreciation since Apr expect subdued infln. this year before a mild pick up in 2014 (iv) Overall, as per easing Tues to record low cash 2.50% AUD economy seen < trend till mid 2014 with better outcomes in 2015 subject to non-resources Cap. Ex. (v) AUD mkts quiet ASX 200 5050, $A 0.9110 & ylds +3 to +5pts higher Nov 13 easing a little less likely - For business strategy solutions please contact [email protected]
Posted on: Fri, 09 Aug 2013 03:49:46 +0000
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