The Australian Dollar weakened a little overnight following comments from RBA Governor Stevens that he still felt that the Australian Dollar was a little overvalued and that interest rates would remain steady for a period of time.
Over the past year or so, Stevens appears to have changed his mind about the Australian Dollars strength more than the England cricket team change their bowlers.
The mere comments last night have pushed the rate a little in the favour of anyone looking to buy Australian Dollars and may now weigh a little on the strength of the Australian Dollar in the short term.
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