RBA’s Lowe: Some further modest depreciation in AUD would be helpful

More comments flowing in from the Reserve Bank of Australia (RBA) Governor Phillip Lowe, via Reuters, as he continues to testify before the House of Representatives' Standing Committee on Economics, in Canberra.

Says has said for some time a lower exchange rate better than a higher one.

A lower AUD would be helpful.

Some further modest depreciation would be helpful.