- Sees likely period of interest-rate stability
- Says $A is high by historical standards
- Recent data foreshadows soldi expansion in housing construction
- Labour demand remains weak
- Expects unemployment rate to rise a little further in the near term
- Recent rise in AUD will reduce the assistance to the economy from its 2013 decline
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There isn’t much in the way of jawboning the AUD down. The AUD traded above 0.9295 (and fleetingly above 0.93, I saw 04 the high) but offers at and around 0.93 holding it.
