AUD buying frenzy as RBA omits to talk down AUD, positive mining transition

FXStreet (Bali) - The combination of encouraging pro-growth headlines by RBA Stevens, coupled with the omission to talk down the AUD, led to yet another spike in the rate to 0.9183 new high.

RBA's Stevens said that growth will continue and is set to strengthen later this year, adding that there is encouraging evidence that handover from mining is beginning (market likes this). Besides, on the AUD, Stevens said "lower A$, improved global conditions to help growth", however, note Stevens didn't make any specific reference to the high AUD level, one of the main reasons weighing on the AUD surge in Asia.