RBA drops interest rate, telegraphs an interest rate cut on Thursday as well as the commencement of QE......AUD goes down the toilet.
FED announces $4.5 trillion facility to keep banks liquid, lops 1% off their rate, announces $800 billion QE...USD shoots into the stratosphere.
Now to me, that's a market anomaly.
The peso might get to 50c if everytime the RBA stimulates but cross rates might work in our favour. Could also be compensation to our big miners for week product demand.
