RBA Stevens speech: Period of rates stability, AUD high by historical standards

FXStreet (Bali) - RBA governor Stevens is addressing the Parliament’s House of Representatives’ Standing Committee on Economics, in a long so expect 3 hour testimony that should guarantee plenty of headlines. For now, after the RBA published RBA's governor Stevens official speech, the most relevant headlines made reference to rates, saying RBA sees period of stability for rates (nothing new) and that the AUD is still high by historical standards (also not new as it repeats the same line from the last statement in policy).