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Moody’s: Australian covered bond credit quality robust despite housing market risks

The US ratings agency, Moody’s Investors Service is out with its latest report on the Australian covered bond markets, highlighting the following:

Australian covered bond credit quality robust despite housing market risks

Continued robust credit quality of Australia's covered bond programs reflects the sound credit quality of mortgages in cover pools

Significant price appreciation in core housing markets of Sydney and Melbourne in Australia has led to very high, rising household indebtedness

New regulatory measures introduced in March in Australia to restrict growth in riskier mortgages are credit positive

EUR/USD: Range-play to continue ahead of ECB’s Draghi at Jackson Hole

The bears continue to guard the key upside barrier near 1.1830 region, leaving EUR/USD confined within almost 80-pips tight range so far this week,
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Jackson Hole Symposium: Eyes on Yellen, Draghi - NAB

Analysts at National Australia Bank (NAB) provide their thoughts on what they expect from the speeches by the ECB President Draghi and Fed Chair Yelle
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