Australian Dollar May Reach $1.07 by Year End

Australian Dollar May Reach $1.07 by Year End Play

Feb. 22 (Bloomberg) -- Stephen Walters, JPMorgan Chase & Co.'s chief economist in Australia, talks about the nation's central bank monetary policy and the outlook for its currency. Reserve Bank of Australia Governor Glenn Stevens endorsed the current level of interest rates and said he’d need to be confident the currency is “seriously overvalued” before considering intervention to weaken it. Walters speaks from Sydney with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)

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