Marshall Gittler’s Market Outlook: AUD rises on more optimistic RBA; Fed speakers, Australia GDPUSD rallies on higher 2-year yields, trade concerns; US housing starts, industrial production

USD rose further as the market absorbed comments from the new head of the National Economic Council, Larry Kudlow, favoring a “sound, stable dollar.” This is in contrast to comments from US Treasury Secretary Mnuchin some time ago to the effect that a weaker dollar would help US trade and…