Aussie dollar drops as RBA' Stevens warns vulnerable to fall

Reuters

July 11 (Reuters) - The Australian dollar fell on Friday after after Reserve Bank of Australia Governor Glenn Stevens warned that the Aussie currency was likely too strong, and at risk of weakness from a potential U.S. interest rate increase.

Stevens made his remarks to The Australian newspaper. The Australian dollar fell to as low as $0.9377 U.S. dollars, from $0.9394 before the article was published.

(Reporting By Karen Brettell; Editing by Chizu Nomiyama)

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