RBA assistant governor says weaker Aussie dollar 'not surprising'
Given the transition of Australia's mining boom from an investment to a production phase, implying lower returns to capital and less demand for Australian factors of production relative to the rest of the world, the Australian dollar's decline over the past year is "not so surprising", Christopher Kent, assistant governor of the Reserve Bank of Australia, said in a speech in Sydney on Friday focusing on the relationship between Australia's resource boom and the country's exchange rate.
"There
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