Commercial Market Focus – June 2016

A high degree of uncertainty still surrounds the US Federal Reserve’s FOMC and when they may vote for a further increase in the Fed Funds rate. The RBA’s cut has brought the USD/AUD down to 0.72-0.73 and a US increase at the same time as a further decrease in Australian rates could see a figure below 0.70. No change in the Fed Funds rate could easily have the opposite effect.

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