Forex Flash: RBA downward pressure on yields to resume – RBS

FXstreet.com (Barcelona) - With Australian jobs number showing the antipodean economy lost -36100 jobs in March when -7500 were expected, RBS strategist Greg Gibbs thinks now that “The weaker data and higher AUD should combine to resume downward pressure on Australian yields,” he said, adding: “However, it is less clear if the AUD will remain lower with the increased global demand for high yield assets.

From RBS: “This may increase the burden on rates to provide additional monetary policy easing later in the year,” the analyst concludes.