Good to have the RBA on side.
"
The RBA left its cash rate unchanged at a record low of 1.50% today, maintaining the neutral stance on interest rates outlook.
The Aussie fell sharply after the RBA expressed concerns over rising house prices, while adding that a higher AUD would complicate the economy's transition away from mining."
https://www.fxstreet.com/news/aud-jpy-takes-a-u-turn-drops-towards-8450-on-rba-201704040440
AUDCAD, page-6
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