Flash: RBA to remain dovish, AUD/USD at 0.88 in 3 months - UBS

FXstreet.com (Barcelona) - Following what appeared to be some signs of a more neutral approach towards monetary policies by the RBA last week, UBS Head of FX Strategy Mansoor Mohi-uddin is not buying into this new argument, noting the RBA is expected to remain the most dovish of the commodity currency central banks.

Key Quote

"The RBA dropped its explicit easing bias at this month's policy meeting, but it is likely to continue talking down the Australian dollar to help rebalance the economy; We thus continue to forecast AUDUSD falling to 0.88 over the next three months."