RBA Stevens: Reluctant to draw lines of sand in foreign exchange markets

FXStreet (Bali) - RBA Governor Glenn Stevens said, in a headline from Reuters, that he would be reluctant to draw lines of sand in foreign exchange markets, fueling another run higher in the AUD.

Mar 26, 2014

RBA’s Stevens: AUD direction from here depends on view of fundamentals

More comments from RBA’s Stevens are crossing the wires, noting that the Australian dollar direction from here depends on view of fundamentals.

AUD/JPY broke above trendline, targeting at 94.24

AUD/JPY got the impulse from the recent Stevens’ speech and reached 3-week high at 94.05 from 93.69 at the open.