16 Jun 2014
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."
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."