• AUD has been very high but that was understandable
  • has now come down and playing a stabilizing role

RBA dep gov on the wires a few moments ago

AUDUSD has fallen on the bearish suggestion that price is better for being lower

Currently 0.9128 from 0.9145 after low post of 0.9125

  • rise in house prices is normal part of policy mechanism
  • would be a concern if home speculation became widespread