Australia dollar likely to be "materially lower" in future-RBA
SYDNEY Oct 29 (Reuters) - Australia's top central banker on Tuesday said it was likely the Australian dollar would fall materially in the future given the country's declining terms of trade, a shift that would be welcomed to trade-exposed sectors of the domestic economy.
Speaking at an investment conference, Reserve Bank of Australia (RBA) Governor Glenn Stevens also played down concerns about a possible bubble in housing prices, though he did caution borrowers and lenders against getting too carried away. (Reporting by Wayne Cole, editing by G Crosse)
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