RBA Stevens hopeful jobless rate to stabilize soon

FXStreet (Bali) - More headlines from RBA governor Stevens on jobs crossed the wires, saying he is hopeful unemployment will not rise too much further, although he admitted that unemployment rate may rise a little further yet. On the economy, Stevens said potential growth rate of the economy is 3% or slightly higher.

Mar 7, 2014

EUR/AUD supported drifting towards highs

EUR/AUD had scored a high of 1.5278 post the ECB press conference and rallies in the euro. We are know paying attention to RBA’s Stevens who is in the House of Representatives delivering his twice yearly assessment on the economy. So far there haven’t been any surprises from the speech released. We will look to the Q’s and A’s.

Australian construction activity at 6-month low

The seasonally adjusted Australian Industry Group/ Housing Industry Association Australian Performance of Construction Index came at 44.2 points in February after a 4 points drop, posting a six month low.