Robert Gottliebsen predicts further rate cuts from the RBA:
Given that Australian interest rates are higher than other countries of similar standing, money is now flowing Down Under which works to boost the currency and some are forecasting that the exchange rate could rise as high as US80c.
Thanks to APRA, the Reserve Bank can now attack the currency with lower rates without the risk of putting a rocket under house prices.
Source: APRA gives the RBA some wiggle room | Business Spectator
Hat tip to David Llewellyn-Smith at Macrobusiness