The next chapter
AUDUSD coming off a couple spreads from 0.8005 to 0.7980 on
-House hold debt warning and statement rising rates abroad have no automatic implication for Australia .
-Economy improving but clearly there are risks
-Would like to see stronger business investment, continued jobs growth, faster wage growth.
In the Q&A session :
-Rates more limey to go up than down , but not for some time.
-RBA’s mandate very broad, will give us time.
-Workers not getting their fair share of national income
Audusd moves another leg lower down to 0.7960/65 , which may come in as a support area .