Further weakness in AUD “likely and necessary” – RBA’s Kent

FXStreet (Mumbai) – Reserve Bank of Australia assistant governor Kent, in his speech on Monday, said the monetary policy remains effective with further weakness in the Aussie is “likely and necessary” given the softness in commodities.

The “likely and necessary” message has been repeated on a number of occasions by RBA governor Stevens.

Reserve Bank of Australia assistant governor Kent, in his speech on Monday, said the monetary policy remains effective with further weakness in the Aussie is “likely and necessary” given the softness in commodities.

(Market News Provided by FXstreet)