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Low Australian dollar not worrying treasurer

Xinhua, September 4, 2015 Adjust font size:

Australian treasurer Joe Hockey is not worried about the Australian dollar, currently trading below 70 U.S. cents, leaving fair value judgement up to the markets.

At 1715 AEST, the Australian dollar was trading at 69.70 U.S. cents, down from 70.17 U.S. cents earlier on Friday.

"As the head of (the Reserve Bank of Australia) identified the other day, he's not upset about the current level," Hockey told reporters from Turkey where he attending the G20 finance ministers ' meeting.

"The fact is we can cope with a currency that continues to fall, because it is going to empower our exporters and in the main Australia is always a beneficiary of better export prices." Endi