Reserve Bank of Australia’s head of financial stability Luci Ellis on the wires 12 July 2016
– downgrades for AAA rated countries tend not to have much impact
Ratings agencies given the brush off by Ellis. AUDUSD 0.7586 just off session highs. Decent resistance/offers at 0.7600 in the way of further rallies.
RBA’s Ellis doesn’t expect much overall impact on Australian banks from sovereign downgrade
