Would hesitate to say where the AUD should be, can't forecast it well
more to come

Kent spoke earlier: RBAs Kent: AUD did not fall as much as implied by terms of trade

more now, from the Q&A:

  • Nominal income targeting would be very hard for public to understand
  • Infaltion targeting very well understood, RBA has achieved its goals
  • Says household debt is reasonably high, but has been stable for some time
  • Australia government debt not particularly high, fiscal challenge is long term

Those headlines from his Q&A are via Reuters