Speaking on a panel discussion in Melbourne on Monday (Sunday evening EST), Reserve Bank of Australia Governor Glenn Stevens said that although the nation’s banks have weathered the global crisis well, it would be “foolish” to argue that everything is Australia is “peachy”. He added that it “wouldn’t hurt” Aussie financials to have more capital. While making no dramatic moves, AUD/USD has steadily strengthened during Stevens’ speech, rising by 17 pips to carve out a new session high of $0.8991USD. The pair’s targeting resistance of $0.9071USD, touched on Feb. 23.
AUD/USD Rises to New Intraday High as RBA’s Stevens Says Aussie Financials have Weathered the Financial Storm Well
Speaking on a panel discussion in Melbourne on Monday (Sunday evening EST), Reserve Bank of Australia Governor Glenn Stevens said that although the nation’s banks have weathered the global crisis well, it would be “foolish” to argue that everything is Australia is “peachy”. He added that it “wouldn’t hurt” Aussie financials to have more capital. While making no dramatic moves, AUD/USD has steadily strengthened during Stevens’ speech, rising by 17 pips to carve out a new session high of $0.8991USD. The pair’s targeting resistance of $0.9071USD, touched on Feb. 23.
