RBA governor Stevens spoke overnight in New York, Ryan had the headlines here:
- RBA's Stevens says board has clearly signalled rates could be cut again
The full text is here: The World Economy and Australia
There are a few items in the Australian press on the speech, and i'll expect more will come later in the day:
- RBA governor Glenn Stevens says Sydney house prices are 'exuberant' but more rate cuts may come
- Aust dollar sinks on RBA comments
Bloomberg and Reuters with more:
- Stevens Says Rate Cut Still Possible, Aussie Very Likely to Fall
- Australia's RBA willing to ease, but caution needed
And, Wall Street Journal (gated):
I'll be back with more on this.
Its sent the AUD lower, and it'll remain offered on any pops this morning. Buyers are not far away now, though.
Levels:
- Sellers 0.7735 through 50, some trading stops above
- Buyers 0.7700/10, stops below figure, buyers again 0.7675
