RBA’s Stevens: AUD direction from here depends on view of fundamentals

FXStreet (Bali) - More comments from RBA’s Stevens are crossing the wires, noting that the Australian dollar direction from here depends on view of fundamentals.

Stevens also said that "expects decline in terms of trade, would be surprising if AUD didn’t drop with terms of trade." Additional headlines included: "Going to have a boom in residential construction... doesn’t see danger of serious outbreak in inflation... unwelcome if people expect 10% home price growth as normal... Australia potential growth a little over 3% – economy has ample potential to grow at 3%... inflation expectations remain well anchored."