Markets

Australian dollar high, could fall at some point

Published June 16, 2014 Updated June 16, 2014 05:56am

1 min

By Shoaib Ur Rehman

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SYDNEY: The Australian dollar is at a high level given falls in prices for the country's major commodity exports, a top central banker said on Monday, adding he would not be surprised if the currency were to decline at some point.

Reserve Bank of Australia Assistant Governor Christopher Kent said the fundamentals that underpin the currency argued for a decline, though he could not say when that might happen.

The Australian dollar reached its highest level in two months last week at $0.9438.

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