The pair driving higher in the wake of a weaker day across the board for the USD, and some talk gaining ground about the RBA Financial Stability Review, with some talk of the RBA having to hike rates (an AFR story by Christopher Joye argues this point). Earlier selling of USD came out of the USD/JPY, where talk centred around Japanese concerns over the weakening Yen. The pair now sits at $0.8873, up 33bps on the day, from a $0.8839 to $0.8878 range. The currency is hitting some offers however, with the Chinese growth story still a question mark over the AUD outlook. Sellers from $0.8890 to $0.8905 then $0.8920/30 and into $0.8950; buyers below at $0.8830/40, stops below that and better bids again at $0.8800/15.
