Investing.com - The Australian dollar remains higher than economic fundamentals suggest, even after declines in recent weeks, Reserve Bank of Australia Assistant Governor Guy Debelle said Tuesday.
"While that depreciation will do something to foster more balanced growth in the Australian economy, it has only served to take the trade-weighted index back to its levels of earlier in the year," he said.
He said that "we are in an unusual environment where monetary policy settings in the four major economic regions - the U.S., China, Europe and Japan - are moving in divergent directions."
This is challenging for both markets and policy makers and "creates a complicated environment for setting monetary policy in other parts of the world, including here in Australia," Debelle said.
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RBA's Debelle says Aussie higher than economic fundametals suggest
Published 10/13/2014, 06:51 PM
Updated 10/13/2014, 06:53 PM
RBA's Debelle says Aussie higher than economic fundametals suggest
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