20th November 2013
The Australian dollar has weakened in forex trading markets today (November 20th), following comments from Federal Reserve chairman Ben Bernanke.
Speaking to members of the National Economists Club in Washington, Mr Bernanke - who will leave his post at the end of January 2014 - said the US central bank will maintain its accommodative monetary policy in the near future.
This comes ahead of the publication of the minutes from the Fed's latest policy meeting, which are expected to show policymakers intend to continue with its quantitative easing programme until there is strong evidence of improvements in the country's labour market and gross domestic product growth.
Earlier in the session, Guy Debelle - assistant governor of the Reserve Bank of Australia - said the bank would prefer a lower exchange rate. He suggested a change in monetary policy from the Fed would help to facilitate this.
As of 11:50 GMT, the Aussie was trading 0.43 per cent lower at $0.9393.
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