Australian dollar higher amid steady rate outlook
THE Australian dollar is higher as it looks increasingly likely that there won't be any more central bank cash rate cuts in the foreseeable future.
THE Australian dollar is higher as it looks increasingly likely that there won't be any more central bank cash rate cuts in the foreseeable future.
At 0630 AEDT on Thursday, the local unit was trading at 92.29 US cents, up from 91.98 cents on Wednesday.
In a speech in Hong Kong on Wednesday, Reserve Bank governor Glenn Stevens gave an upbeat assessment on the Australian economy and did not make any comments about the currency being too high.
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