Forex Flash: Strong Chinese data has helped AUD to outperform - BBH

FXstreet.com (Barcelona) - Brown Brothers Harriman analysts note that recent strong Chinese data has helped AUD to outperform yesterday, negating some potentially bearish sentiment.

They see that recent comments from the RBA´s Kent were slightly dovish, but consistent with RBA communication, noting that the inflation outlook gives scope for further rate cuts. They write, “He did admit that rates were cut more than normal due to AUD strength, and that monetary policy takes into account the exchange rate. “