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1 Jul 2015
RBA Stevens still rooting for AUD depreciation – Westpac
FXStreet (Barcelona) - Sean Callow of Westpac, highlights RBA Stevens’ recent comments on AUD, with the Governor maintaining his stance for a lower Aussie.
Key Quotes
“AUD/USD performed well, rising from 0.7670 to 0.7724 then steadying around 0.7700. RBA governor Stevens spoke in London on central banking rather than the Australian economy. But in the Q&A he said he had not changed his view that further AUD depreciation is “both likely and necessary”.”
Key Quotes
“AUD/USD performed well, rising from 0.7670 to 0.7724 then steadying around 0.7700. RBA governor Stevens spoke in London on central banking rather than the Australian economy. But in the Q&A he said he had not changed his view that further AUD depreciation is “both likely and necessary”.”