RBA Governor Glenn Stevens: a significant fall in the Australian dollar is possible

Market news

3 July 2014

RBA Governor Glenn Stevens: a significant fall in the Australian dollar is possible

The Reserve Bank of Australia Governor Glenn Stevens said at the Australian Conference of Economists on Thursday:

The Australian dollar remains high by historical standards;
Investors are underestimating the probability of a significant fall in the Australian dollar at some point;
A profitable "carry trade" is pushing the value of the Australian dollar up.

Currencies. Daily history for Jule 3'2014:

European stock close: FTSE 100 6,865.21 +48.84 +0.72% CAC 40 4,489.88 +45.16 +1.02% DAX 10,029.43 +118.16 +1.19%

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