Moody’s say Australian banking system outlook stable

US ratings agency Moody’s out with a note 23 Oct

  • Australian banks funding and liquidity levels will stay stable
  • stable outlook underpinned by favourable domestic economic trends and strengthening capital positions, stable profitability
  • home loan re-pricing will prop up net interest margins and profitability

AUDUSD 0.7821 just off session highs after some general USD supply and having found support into 0.7800. Expect offers/res around 0.7830 again then larger into 0.7850.

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