RBA Governor Bullock – inflation persistent, especially in services, but its coming down

Reserve Bank of Australia Governor Bullock speaking in parliament:

• inflation is being persistent, particularly in services
• but it is coming down

Earlier:

• RBA Gov Bullock says in good position to get inflation down in a reasonable amount of time

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Bullock is correct on both comments. But we already know this.

AUD/USD update:

The US dollar is down a touch against most FX in early Asia here.

This article was written by Eamonn Sheridan at www.forexlive.com. Source