Comments from RBA Governor Stevens started a cascade of Australian dollar selling but the headlines overstated his comments. The US dollar was the best performer as a broad taper trade took hold following retail sales data. The Asia-Pacific week winds down with limited data.
Traders dumped the Australian dollar as an interview with the Australian Financial Review hit the wires. The article carried a headline said 'We need a dollar close to US85¢' but the transcript of the interview was nowhere near as strong.