RBA's Kent says the short end of the yield curve has a close correlation with the AUD

Reserve Bank of Australia - speech by Christopher Kent, Assistant Governor (Financial Markets) spoke eartlier:

• RBA's Kent speech - highlights & link to full text

Q&A now:

• closely watching the yield on 3 years, will step in if needed to buy more (if move away from 0.25%)
• AUD is not far from fundamentals
• not overly concerned about the level of the AUD
• a lower AUD is still an important stimulatory channel