RBA Stevens: Infrastructure spending to play role in sustaining grwoth

FXStreet (Bali) - RBA Gov Stevens keeps crossing the screens, via Reuters, adding that the Australian economy could do with more demand growth next 2 years, also saying that decision-making process is impeding infrastructure, which should have a role in sustaining growth.

Jun 10, 2015

Moody's revises outlook on Western Australia's Aa1 rating to negative.

Moody's has revised the outlook on Western Australia's Aa1 rating to negative.

AUD/USD drops sharply below 0.7650 on RBA Stevens

The Australian dollar dived deeper in red versus the US dollar in the mid-Asian trades, knocking-off AUD/USD to fresh session lows. The Aussie dropped sharply following dovish comments from RBA Governor Stevens as he speaks at the Economic Society of Australia, while Moody’s downward revision of Western Australia outlook also dragged the pair lower.