AUD higher as market likes RBA Stevens headlines

FXStreet (Bali) - RBA Stevens said he does not see need for lower rates at the moment, while somehow implying that the expensive AUD is a result of a solid Australian economy, comments that appear to have been AUD positive.

Mar 7, 2014

RBA Stevens: Household debt pretty high

RBA Stevens made further comments relevant to AUD traders, saying household debt pretty high, adding that they are asking for trouble if household debt steps up. In the same line, Stevens added that the biggest threat to housing affordability is price surge.

AUD/NZD hits fresh weekly highs above 1.0730

The AUD/NZD was finally able to consolidate above 1.0700 and gained upside momentum.