Aussie dollar's fall below 75 US cents not enough to appease RBA chief

Sydney

GLENN Stevens isn't satisfied yet. He wants more even after the Aussie dollar fell 8 per cent this year and dropped below the 75 US cent level the Reserve Bank of Australia chief said last year would be preferable.

"Further depreciation seems both likely and necessary," Mr Stevens reiterated on Tuesday, as he held the cash rate at a record-low 2 per cent.