Aussie May Fall to 80-85 U.S. Cents, Spooner Says

Aussie May Fall to 80-85 U.S. Cents, Spooner Says Play

July 16 (Bloomberg) -- Ric Spooner, chief market analyst at CMC Markets in Sydney, talks about Reserve Bank of Australia monetary policy and the local currency. Australia’s central bank said the currency’s decline and past interest-rate cuts meant its policy setting was appropriate even as it maintained room for future reductions, according to minutes of its July 2 meeting. Spooner speaks with Rishaad Salamat on Bloomberg Television's "On the Move." (Source: Bloomberg)

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