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-Australian central bank looking to trim currency.

Global Banking News-October 29, 2013--Australian central bank looking to trim currency(C)2013 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 29 October 2013

The Australian central bank is said to be looking to trim down the value of the local currency.

Figures from the central bank showed that it was looking to trim down a rebounding Aussie dollar, as it was among the biggest threats to an economic recovery as a mining slowdown deepens.

Analysts believe that they are seeing a shift in policy from the central bank that is looking to sell off Australian dollar holdings.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

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Publication:Global Banking News (GBN)
Date:Oct 29, 2013
Words:120
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