Wall Street Journal headline: RBA’s Ridout Wants Australian Dollar to Fall Further (may be gated)

  • needs to fall even further to help shield the economy from a mining slowdown

“A dollar around US$0.80 would be a fair deal for everybody” including the country’s importers and exporters, said Heather Ridout, an external board member of the Reserve Bank of Australia who helps shape interest-rate policy but doesn’t speak on behalf of the central bank. “I think it hasn’t fallen far enough.”

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