Flash: Another RBA rate cut in Q2 expected - RBC

FXstreet.com (Bali) - According to Michael Turner, Strategist at RBC Capital Markets, there is still another rate cut awaiting in Australia in Q2 2014.

Key Quotes

"The underlying numbers are very high. Basically I have to say it's uncomfortably high on a quarterly basis."

"In that regard, it seems less likely (for a rate cut), but you have to say the focus remains on the activity indicators and the labour force. We are still saying (another rate cut will be in) Q2, as I had said for the last couple of months."