SYDNEY: The recent appreciation in the Australian dollar is not a problem at this point although a lower exchange rate would help the economy, the country's top central banker said on Monday.
The Aussie has surged 24 per cent to the US dollar since hitting a low of US$0.5510 in March.
"At the moment, I think it's really hard to argue that the Australian dollar is overvalued," Reserve Bank of Australia (RBA) Governor Philip Lowe said in a webinar. https://www.channelnewsasia.com/news/business/rising-australian-dollar-not-problem-reserve-bank-australia-rba-12857290
The Aussie has surged 24 per cent to the US dollar since hitting a low of US$0.5510 in March.
"At the moment, I think it's really hard to argue that the Australian dollar is overvalued," Reserve Bank of Australia (RBA) Governor Philip Lowe said in a webinar. https://www.channelnewsasia.com/news/business/rising-australian-dollar-not-problem-reserve-bank-australia-rba-12857290
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