AUD outlook negative – UBS

FXStreet (Córdoba) - The UBS analyst team commented that they consider AUD outlook remains negative in the long-term.

Key Quotes

"Minutes of the Reserve Bank of Australia's April meeting provided little new information from its post-meeting statement. The RBA maintained its neutral stance on policy rates, saying the most prudent course is likely to be a period of stability in interest rates. It also reiterated that 'the exchange rate remains high by historical standards."

"We remain negative on the long-term AUD outlook, and believe the RBA might raise its concerns over the recent AUD rebound at its next meeting on 6 May".