SYDNEY, Oct 18 (Reuters) - Australia's top central banker on Tuesday said the current level of the local dollar and interest rates was suitable for the economy, but warned a further sizable increase in the currency would complicate the outlook.
Answering questions at an investment conference, Reserve Bank of Australia (RBA) Governor Philip Lowe noted that a recent rise in prices for some key commodity exports had put upward pressure on the local dollar, as was to be expected.
However, he added a further substantial appreciation in the currency would complicate the economy's rebalancing.
The Aussie dollar was at $0.7630 AUD=D4 on Tuesday, having risen gradually from as low at $0.7174 in May.