RBA hike risk and Oil exposure support currency – MUFG
MUFG’s Head of Research Derek Halpenny argues the Australian Dollar has benefited from expectations of further RBA tightening and a positive terms-of-trade impulse from higher energy prices. However, he warns AUD risks are elevated, as a further spike in Oil that raises global recession fears could trigger a correction lower and influence the RBA’s policy calculus next week. RBA…










