AUD appreciates on RBA Governor’s optimism, further potential seems limited

RBA governor Stevens appears to be optimistic about the Australian economy, which is how his speech in Perth today is being interpreted. That was not even able to support AUD further.

"Following the AUD rally yesterday there seems to be limited further potential for the Australian currency", says Commerzbank in a research note. 

As the USD weakness is also coming to an end in this time period, the hawkish seeming speeches of the Governor will also wont be able to change that. AUD/USD currently trades at 0.7322.