RBA Stevens: Household debt pretty high

FXStreet (Bali) - RBA Stevens made further comments relevant to AUD traders, saying household debt pretty high, adding that they are asking for trouble if household debt steps up. In the same line, Stevens added that the biggest threat to housing affordability is price surge.

Mar 7, 2014

Fed's Lockhard: Bar to reverse taper decision high

Federal Reserve Bank of Atlanta President Lockhart, speaking on his economic outlook from a prepared text, said the bar to reverse taper has been set quite high, now expecting asset purchases to be wound down by year-end.

AUD higher as market likes RBA Stevens headlines

RBA Stevens said he does not see need for lower rates at the moment, while somehow implying that the expensive AUD is a result of a solid Australian economy, a comment that appears to have been AUD positive.