Aussie's insufficient slide may prompt RBA for action

Note: This section contains information in English only.
Source: Bloomberg
The Australian Dollar might be headed for the 85 U.S. cent mark, thus not releasing Australia from its reliance on resource industries. The currency could drop to 85 U.S. cents in the next six months. The Aussie was on the market for 90.44 U.S. cents midday, with the total decline of 3.2% this month. The RBA's benchmark interest rate of 2.5% may be raised in 2015, and if the currency nears the 85 cent level, the bank may be pressured to further its easing policies.
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Tue, 16 Sep 2014 08:44:04 GMT

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