Reuters reports the recent comments delivered by the Reserve Bank of Australia (RBA) Assistant Governor (Financial Markets) Christopher Kent earlier today, with the key headlines found below.
Not surprising that A$ has fallen “a little” in recent months.
Recent fall in AUD “helpful at the margin” given spare capacity in economy, low inflation.
Higher commodity prices appear to have limited the decline in A$.
Commodity prices have increased noticeably of late due to supply disruptions.
AUD remains within relatively narrow range of past few years.
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