FX:AUDUSD   Australian Dollar / U.S. Dollar
"It's a search-for-yield world and this country still looks attractive because other yields look so unattractive," Mr. Stevens said in a joint interview with The Wall Street Journal and the Australian newspaper ahead of his retirement next month. "That's not something that the Reserve Bank can wave a wand and make go away."

The below and above support my bullish AUD$ view, the RBA/ Gov             Stevens seems to have accepted and become contempt somewhat that AUD appreciation will continue in an era of low global interest rates as ive said before/ earlier. I continue to like AUD$ to 0.78 12m highs, on the back of weak US CPI             .. USD currently seeing some bids on the back of Fed Dudleys hawkish comments (attached), but i nonetheless think CPI             will be the lasting word on the USD front and will help AUD$ bid up to the 0.78 level. USD strength comes as a function of the fed funds futures which are up at 18% probability of a sept hike vs 9% yesterday, though this should be faded into days end as the CPI             weakness takes over

RBA Gov             Stevens Speech Highlights:

RBA Gov             . Stevens: World Economy Ready for U.S. Rate Rise
RBA Gov             . Stevens: Stronger GDP Growth Rates Would Be Welcomed
RBA Gov             . Stevens: Should Be Possible to Expand Budget, Retain AAA-Rating
RBA Gov             . Stevens: House Prices Must Still Be Watched Carefully
RBA Gov             . Stevens: Worrying Knowledge Gap Around China Economy
RBA Gov             . Stevens: Cash Rate Just One Variable for Australian Dollar             Level
RBA Gov             . Stevens: High Yields in Australia in Infrastructure, Property
RBA Gov             . Stevens: Hard to Wave Away Demand for Australian Dolla
RBA Gov             . Stevens: Australian Housing Not in Risky Category
RBA Gov             . Stevens: Housing Debt Is Significant
RBA Gov             . Stevens: No Fresh Surge in Housing Leverage
RBA Gov             . Stevens: Housing Slump Would Not Lead to Systemic Risk
RBA Gov             . Stevens: Housing Slump Would Not Trigger Bank Failures
Long? Nah!
Long yah :D the FOMC risks was detailed above but worked in the bulls favour - i think we make it to 0.779 by weeks end - 100pips at least in the bag.
Well Said
Simpleisbeautiful. Simpleisbeautiful.
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