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RBA’s Edwards reminds AUD bulls not to mess with bear trend

FXstreet.com (Barcelona) – Following last week’s article titled ‘Hard to build sustainable AUD bullish case‘ in which a dead end road to prevent further AUD depreciation was argued – on the basis of the outlook for the cash rate and the AUD being ‘intertwined’ – the WSJ published an interview earlier Tuesday with RBA board member John Edwards, saying the Aussie dollar remains still too high, which serves as a nice reminder of the RBA line of thinking.

Key Quotes – WSJ

“The Australian dollar is still too high and remains a brake on economic growth, but it is likely …read more