Bloomberg News

RBA’s Broadbent Says Terms of Trade Have Driven Currency Higher

September 28, 2011

Sept. 29 (Bloomberg) -- Australia’s economic windfall from trade has helped bolster the nation’s currency, while the country’s retailers probably won’t return to the more prosperous days seen in 2004, Reserve Bank of Australia board member Jillian Broadbent said at a conference today in Sydney.

To contact the reporter on this story: Michael Heath in Sydney at mheath1@bloomberg.net

To contact the editor responsible for this story: Brendan Murray at brmurray@bloomberg.net


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