Australian dollar still too high, but getting closer to RBA's target

By Max Mason
Updated March 5 2015 - 4:23pm, first published 4:01pm
Reserve Bank deputy governor Phillip Lowe said there was scope for the central bank to cut the cash rate further if needed. Photo: Josh Robenstone
Reserve Bank deputy governor Phillip Lowe said there was scope for the central bank to cut the cash rate further if needed. Photo: Josh Robenstone

The Australian dollar got a small boost after Reserve Bank of Australia deputy governor Phillip Lowe said the currency is getting low enough to help support economic growth, giving an indication of the levels the central bank wants the Aussie to trade at.

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