AUD/USD bounces on RBA Lowe comments

FXStreet (Bali) - AUD/USD has rebounded off lows, with comments from RBA Deputy Governor Lowe to blame.

Lowe said they dont have as objective to push AUD lower, adding that the currency is now closer to fair value than in past couple of years, with no specific levels mentioned.

AUD/USD made a high of 0.7840, where solid offers are still parked disallowing further appreciation for now. The lowest so far was seen at 0.78, with range trading still dominant.

Mar 5, 2015

RBA Lowe: Closer to fair value for A$ than in past couple of years

RBA Deputy Governor Philip Lowe is giving a speech at the Goldman Sachs Annual Global Macro Economic Conference in Sydney, with the topic 'Low Inflation in a World of Monetary Stimulus'.

NZD/USD rejected at 0.76 barrier

The New Zealand dollar erased overnight gains and fell to fresh lows against its US counterpart, pulling away NZD/USD from 0.76 threshold, largely after China downgraded its annual growth target.