RBA Lowe: weaker Aussie a welcome development

FXstreet.com (Barcelona) - In a speech by Philip Lowe, Deputy Governor of the RBA, titled “Investment and the Australian Economy”, given to the CFA Melbourne Institute’s Annual Investment Conference, he said a weaker $A since it started to fall aggressive back in April is a welcome development, adding that "the impact of low interest rates evident, has further to run."

More headlines crossing the wires through Dow Jones were made available: "Lowe wouldn't be surprised if mining investment, relative to gdp, falls by 3 ppts or more over coming years, seeing high single-digit growth rate in non-mining investment over next few years." Lowe also said that "exports set to grow strongly, with large LNG (liquefied natural gas) projects coming on line. On mining investment, Lowe added substantian decline likely over period ahead as projects are completed.