The Aussie dollar has declined fairly sharply since September.
However, the Reserve Bank has highlighted on several occasions that it would like to see the currency lower than where it is now, particularly against the US dollar.
Some noises yesterday from the Federal Reserve in the US that due to low inflation interest rate hikes could be pushed out until 2016, which will not help the cause.
Here in Australia futures markets appear to be pricing more rate cuts, with implied yields on March 2016 cash rate futures contracts plumbing the depths at just 1.67 percent.
I don't pretend here to have any special insights into the timing of potential interest rate cuts.
A cut by May is priced as very likely, but the next RBA Board Meeting and Official Cash Rate announcement will be on April 7.