HONG KONG, March 26 Australia's top central
banker said on Wednesday he expects the country's currency to
weaken, given assumptions of slowing terms of trade.
Reserve Bank of Australia Governor Glenn Stevens, during a
question-and-answer sesssion after speaking at the Credit Suisse
Investment Conference in Hong Kong, also said he would be
reluctant to draw lines of sand in foreign exchange markets.
The central bank had recently toned down calls for a lower
currency, perhaps in part because rising import prices had
contributed to a higher-than expected reading for inflation in
the fourth quarter of last year.
(Reporting By Saikat Chatterjee; Editing by Eric Meijer)