RBA's Lowe says that higher US dollar is a welcome development
Comments by RBA governor Philip Lowe
- Have been hoping for higher US interest rates and higher US dollar
- It is a welcome development
- Inflation expectations in Australia are very well anchored
- RBA is comfortable with exchange rate moving around
Central bankers are out in full force so far in the session. But they really haven't offered anything of note. Not too sure how much Trump will like the comments here from Lowe as generally talking about other nation's currencies is considered a taboo.
But hey, a boxing match with a kangaroo does sound enticing so maybe we'll get to a point where that happens. Let's hope it produces more fireworks than McGregor vs Khabib.