Here is another more important factor in the AUD and the POG in AUD.
The RBA plays a dangerous game with its dollar bet
Reserve Bank of Australia Governor Glenn Stevens fronted the House of Representatives this morning to provide testimony on the state of the Australian economy. The RBA remains optimistic about the outlook but it’s playing a dangerous game that could blow up in its face if the Australian dollar doesn’t depreciate.
- Callam Pickering
- 20 Aug, 12:35 PM
As it stands, the RBA is playing a very dangerous game. It openly admits that it has no idea how big the mining investment collapse will be -- neither does anyone else -- but the potential ramifications of getting policy wrong are profound.
If mining investment collapses before the dollar has fallen sufficiently, the non-mining sector will be in no position to fill the gap and rebalance the Australian economy. That scenario would inevitably result in Australia’s first recession in 23 years.
http://www.businessspectator.com.au...-news/rba-plays-dangerous-game-its-dollar-bet
- Forums
- Commodities
- GOLD
- POG/RBA and the AUD
POG/RBA and the AUD
-
- There are more pages in this discussion • 30 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GOLD (COMEX) to my watchlist
The Watchlist
HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
Previous Video
Next Video
SPONSORED BY The Market Online