RBA data provide more support for AUD
Recent economic data had generally been positive.
Reiterate inflation may afford some scope for further easing if needed.
AUD adjusting to significant declines in commodity prices.
Expects economy to strength gradually as drag from mining investment diminished.
Low rates supporting household demand, home building.
Liaison pointed to improving retail sales, faster pace of household consumption.
Noted lending for housing investment had slowed, price gains moderating.
Business surveys pointed to improvement in non-mining sectors.
Noted stronger employment growth, leading indicators pointed to more gains ahead.
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