Fri, 24 Jan 2014 10:16:23 GMT
Aussie falls as RBA policymaker comments that currency is too strong
The Australian Dollar declined on Friday after the Reserve Bank of Australia's policymaker Heather Ridout commented that the local currency had not dropped enough and a level of $0.80 for the Aussie would be better for the economy. The Australian currency was last traded at $0.8689, almost 7 U.S. cents from its 3-1/2 year low.