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      RBA Stevens: Confident Fed will hike rates this year

      FXStreet (Bali) - On his Q&A, RBA Stevens, speaking to the House of Representatives Standing Committee on Economics, is now saying that he is still confident that the Fed will hike interest rates this year.

      Headlines

      US interest rates have been down at zero for six years, at some point they'll have to start comiing up

      We're "pretty content" with where we are right in in terms of domestic monetary policy

      At this point one would still think that an increase in fed funds rate is probably going to happen before Christmas

      One could be concerned about the spillover effect that could come from a change in us monetary policy, not the move itself

      AUD has made quite a significant adjustment

      AUD/USD bid towards 0.72 key resistance ahead of Tokyo

      AUD/USD is currently making some ground in a minor recovery from the overnight lows of 0.7162 as Stevens testifies.
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      RBA Stevens: Further AUD fall wouldn't be serious inflation problem

      RBA Stevens says further A$ declines wouldn't be a serious inflation problem.
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