RBA’s governor, Glenn Stevens has said that Australian interest rateswill need to move towards a more normal setting as economic recovery takes hold. He has said the risks of serious economic weakness has abated and that holding interest rates at such low levels was no longer needed.
AUDUSD has jumped higher from 9150 to above 9180 taking out the option sellers at 9175. AUDJPY has popped thru the resistance level of 82.00 on the back of Yen cross buying and a run in the AUD.
