The Aussie is below 76 cents again this morning on oil and a few RBA jitters. Macquarie examines the latter:
Could the RBA surprise in April, and deliver an unexpected rate cut? Yes, in our view. Will they? Probably not.
Surprisingly, in a month without key data releases like GDP, capex or the CPI, there has been a significant change in the underlying backdrop confronting the RBA Board.
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David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
