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Lowe On Currency Matters

RBA

Lowe notes that he is more comfortable with a lower rather than higher AUD, would be more comfortable with even lower levels. A lower AUD would help unemployment fall. Notes recent move lower in AUD/USD is a broader function of recent USD strength. Cannot say that AUD is overvalued.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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