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RBA Kent: High A$, mining investment, fiscal tightening to weigh on growth

FXStreet (Bali) - RBA Assistant gov Kent said high A$, falling mining investment, fiscal tightening to weigh on growth.

Key headlines

RBA assistant gov Kent says growth to be below trend until pick up in 2016

RBA Kent says high a$, falling mining investment, fiscal tightening to weigh on growth

RBA Kent reiterates a$ above estimates of fundamental value given falling resource prices

RBA Kent: very low rates will continue to encourage households to save less, spend more

RBA Kent says consumption will eventually boost jobs growth, lower unemployment

RBA Kent plays down concerns about sluggish growth in household incomes

RBA Kent says conditions in place for pick up in non-mining business investment

RBA Kent: non-mining business investment could be lower than in past without dragging on GDP

NZ house prices ticking up in Oct

New Zealand house prices kept rising in October, coming at 1.4% record high on a monthly basis, while the number of sales saw some healthy numbers too, according to the Real Estate Institute of New Zealand (REINZ).
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AUD/USD ticks up as RBA risk headlines out of the way

AUD's rally has picked up renewed momentum in the last few minutes, testing 0.8730 offers, as market perceived the latest headlines from RBA's Assistant Kent as short term 'risk' being removed, with the Central Banker reiterating familiar comments for the market. AUD/USD looks to be headed towards the next projected upside target at 0.8750/60, where sizeable offers should be layered. On the downside, short term players are probably bringing stops up sub 0.87 and below 0.8650.
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