RBA's Kent: Aussie still high given commodity falls

FXStreet (Bali) - RBA Assistant Governor (Economic), Christopher Kent, speaking in Sydney, with the topic of his speech being Labour Market Developments, said that the Aussie is still high given commodity falls.

Further headlines, via Reuters, included: "Unemployment to remain elevated over next two years, decline later in 2015, Labour market shows some signs of improvement, Still fair degree of spare capacity in labour market, Slowdown in wages has helped contain inflation, improve competitiveness, AUD is high by historical standards, particularly given recent fall in commodity prices."

GBP/USD pushing up to test recent highs

GBP/USD is trading at 1.6982, up 0.08% on the day, having posted a daily high at 1.6988 and low at 1.6968.
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Aussie is not impressed by RBA's Kent

AUD/USD retraced from the intraday lows of 0.9384 and stalled just below 0.9400 pivot after RBA's Kent speech
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