SYDNEY, Dec 16 (Reuters) - The Australian dollar could fall further in sympathy with lower commodity prices, the head of the Reserve Bank of Australia Glenn Stevens said in a newspaper interview published on Wednesday.
Speaking to the Financial Review, Stevens said: "The exchange rate has been adjusting - doing its job - and I note commodity prices are still falling, so it is possible that further adjustment will occur. I think that is possible."
The Australian dollar last stood at $0.7198, having shed 0.6 percent against a firmer greenback overnight. It has fallen nearly 12 percent so far this year.
Stevens also painted an upbeat picture of the economy, noting there had been a "pretty solid sequence of growth in employment".
"My sense is that the rise in employment to population; the rise in participation; the, at worst, flat unemployment rate - there's a genuine signal there," he said.