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RBA's Edwards says lower Australian dollar would be even more useful

From forexlive.com

Edwards RBA comments •Hesitant to say when pickup in investment will occur •Businesses not yet convinced of profit opportunities •Sees signs of China residential construction turnaround •Manufacturing investment weakness has further to run The comment isn't even forceful enough to classify as jawboning: "The lower dollar's been helpful. I think that will continue to be useful for us and an even lower dollar even more useful" (full story)

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  • Category: Low Impact Breaking News