The RBA moves to curb the rise in housing prices has sent hawkish Australian dollar traders running, as the mention of non-interest rate policies cooled their expectations. The Australian housing market has been relatively boosted with its cash rate maintaining at 2.5% for more than a year. Governor Glenn Stevens signaled that he was unwilling to drive house prices higher to speed a reduction in the jobless rate, then at 6.4 percent. The data in mid Sept showed a record 121,000 jobs added in August, driving unemployment down to 6.1 percent.
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