Australian dollar falls to 2-month low after RBA chief's speech

LONDON: The Australian dollar fell to a two-month low against the US dollar on Thursday after the Reserve Bank of Australia chief said he was open-minded about intervention to drive down the value of the local currency.

The Aussie fell to $0.9256 after Glenn Stevens comments, down from $0.9285 beforehand.

Stevens upped the ante, saying said he was "open-minded" on whether to intervene to try and push the Australian dollar lower.

He has long complained that the currency is fundamentally overvalued and needs to fall to help the domestic economy cope with a cooling mining sector.