RBA's Kent: Not overly concerned about level of AUD

AUD is on the move as the USD weaknes in Asia and Reserve Bank of Australia says not overly concerned about level of a$ and that it is not far from fundamentals.

Key notes

reserve bank of australia assistant gov kent says short end of yield curve has a close correlation to the a$
26-jul-2020 18:34:27 - rba's kent says watching three-year yields closely, would buy more if yields move away from 25 bps
26-jul-2020 18:37:09 - rba's kent says negative rates would not be helpful in current circumstances
26-jul-2020 18:37:33 - rba's kent says negative rates would hurt bank profitability
26-jul-2020 18:38:46 - rba's kent says new monetary policy measures would come with costs
26-jul-2020 18:39:04 - rba's kent says new policy measures not under consideration
26-jul-2020 18:40:04 - rba's kent says room for further growth in rba balance sheet
26-jul-2020 18:40:56 - rba's kent says a$ is not far from fundamentals
26-jul-2020 18:41:20 - rba's kent says not overly concerned about level of a$