Reserve Bank of Australia's head of financial stability Luci Ellis on the wires 12 July 2016
- downgrades for AAA rated countries tend not to have much impact as markets would have already priced in the risk
- more comfortable with where lending standards are now
Last week's sovereign ratings outlook downgrade to negative by S&P given the brush off by Ellis in the Q&A following her earlier speech.
AUDUSD 0.7586 just off session highs. Decent resistance/offers at 0.7600 in the way of further rallies.
