You’re wrong. I put together some information on this in a few posts which I’ll link below. The fact is, almost every Aussie bank thinks rates will rise this year. So does the governor of the RBA (stated indirectly) and most importantly, futures markets and the behavior of US rates.
The AUD will rise with commodity prices. Interest rates won’t speed up or slow down this process. Unless the RBA has a tool to halt the 2018 commodities boom, they’ve got no power over the AUD for the foreseeable future.
https://hotcopper.com.au/threads/it...2354523/page-85?post_id=30104720#.WlG0iErZXDs
https://hotcopper.com.au/threads/it...2354523/page-86?post_id=30104924#.WlG0o0rZXDs
https://hotcopper.com.au/threads/its-only-a-matter-of-time.2354523/page-87?post_id=30104987
https://hotcopper.com.au/threads/its-only-a-matter-of-time.2354523/page-88?post_id=30105254
https://hotcopper.com.au/threads/its-only-a-matter-of-time.2354523/page-89?post_id=30105332
