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

Noticias del mercado

3 julio 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.

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