• concerns over high wage costs in Australia are concerns about the Aussie $
  • reasons to be confident in Australian economy, cites population growth,abundant resources and close ties to Asia

Not sure if those last reasons from the RBA’s dep gov are that solid for economic growth

AUDUSD down to 0.8530 and 4-year lows on the headlines but back to 0.8545

  • must ensure uncertainty doesn’t mutate to pessimism
  • resource exports at 12% of GDP, ratio could rise further
  • Australian economy clearly has come challenges ahead

AUDUSD back down to 0.8537 AUDJPY 100.82

RBA's Lowe - room for further AUD falls

RBA’s Lowe – room for further AUD falls