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Australian central bank: Currency too high

Posted on 14 July 2014

Investors may be underestimating the risk of a “material decline” in the Australian dollar, the governor of Australia’s central bank was quoted as saying Friday.
“It continues to be my view that on most standard metrics that you could devise, it’s hard to see how most of those metrics would have the Aussie dollar quite this high,” Glenn Stevens was quoted as saying in an interview with the Weekend Australian newspaper, according to a transcript of the interview published online………………………………………..Full Article: Source


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