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Currency Analyst since 2010

RBA's Ridout: $0.80 for AUD/USD

Heather Ridout, an external board member of the Reserve Bank of Australia said that Australian dollar has to fall even further to help shield the economy from a mining slowdown.

According to Ridout, AUD/USD around $0.8000 “would be a fair deal for everybody” including the country’s importers and exporters.

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