AUD: Labour market outlook is improving - TDS

FXStreet (Delhi) – Prashant Newnaha, Rates Strategist at TD Securities, notes the recent comments on labour market from the RBA’s Alex Heath.

Key Quotes

“The RBA’s Head of Economic Analysis, Alex Heath reiterated much of what RBA Gov Stevens has said - the labour market outlook is improving, driven by household services growth, rate of eco growth is not as strong as the RBA would have liked but given the terms of trade shock, the economy has ’done quite well”, the excess capacity is not as large as prior structural changes, the AUD depreciation has helped improve competitiveness with the fall in the AUD most noticeable for net service exports.”