ANZ CEO Sees Australian Central Bank Damping Strong Currency
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The Reserve Bank of Australia will probably try to weaken the nation’s currency, which rose today to a three-month high against the U.S. dollar, the head of Australia & New Zealand Banking Group Ltd. said.
The so-called Aussie hasn’t declined along with commodity prices in spite of the currency’s links to raw materials, Michael Smith said in an interview with Bloomberg Television’s Angie Lau from Hong Kong today. The Australian dollar traded at 91.35 U.S. cents as of 4:24 p.m. Sydney time after touching 91.58, the strongest intraday level since Dec. 10.