FXStreet (Bali) – Robert Rennie, head of currency research at Westpac Banking Corp, notes that the comment by the RBA “the Australian dollar is adjusting to the significant declines in key commodity prices” from “further depreciation seems both likely and necessary”, is, in his view, “a big shift”, which “adds to idea of range trade”, Rennie said.
(Market News Provided by FXstreet)