AUD/USD at mid-80s is much more problematic than where it is now – Goldman Sachs

Comments crossed the wires earlier on the day from Goldman Sachs Australia chief economist Andrew Boak, as took an interview with the Australian Financial Review (AFR).

Key Points:

RBA would, similar to other CBs, like a lower currency, but not concerned on AUD where it is now: "It's been a long time since they've signalled concern about it"

" ... is probably 3¢ above its average of the past few years."

"I would have thought mid-80s is much more problematic than where it is at the moment"