Australian Dollar Weakens as RBA Governor Stevens Seeks Durable Recovery

Australia’s dollar extended declines against the U.S. currency after central bank Governor Glenn Stevens said policy makers are focused on ensuring the nation’s economic rebound is durable.

The so-called Aussie fell to 92.47 U.S. cents as of 1:03 p.m. in Sydney from 92.56 cents before the Stevens spoke in Toowoomba, Queensland, and from 92.75 cents yesterday in New York.

To contact the reporter on this story: Garfield Reynolds in Sydney at greynolds1@bloomberg.net

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