Australian Dollar's longest decline in 28 years after RBA remarks

Source: Bloomberg
The Aussie is set for its longest streak of weekly declines in 28 years, as the head of Reserve Bank of Australia choose his words carefully to talk down nation's currency. The Australian Dollar was at 89.26 U.S. cents as of 5:02 p.m. Syndey time, while it rose 0.2% to NZ$1.0857 after yesterday's retreat to NZ$1.0817. The Aussie has declined 1.9% weekly, making it the eight consecutive week of losses.

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