Australia cenbank's Stevens says A$ could fall further

SYDNEY: The Australian dollar could fall further in sympathy with lower commodity prices, the head of the Reserve Bank of Australia Glenn Stevens said in a newspaper interview published on Wednesday.

Speaking to the Financial Review, Stevens said: "The exchange rate has been adjusting - doing its job - and I note commodity prices are still falling, so it is possible that further adjustment will occur.

I think that is possible."

The Australian dollar last stood at $0.7198, having shed 0.6 percent against a firmer greenback overnight.

It has fallen nearly 12 percent so far this year. Stevens also painted an upbeat picture of the economy, noting there had been a "pretty solid sequence of growth in employment".

"My sense is that the rise in employment to population; the rise in participation; the, at worst, flat unemployment rate - there's a genuine signal there," he said.