Cluster,Can you point me to the RBA reference? Thats very, very...

  1. 1,252 Posts.
    Cluster,
    Can you point me to the RBA reference? Thats very, very interesting, considering Stevens public statement, ie;

    "Questioned after Stevens's strong dollar comments, the Treasurer said the currency's rise was "one of those facts of economic life" under a floating exchange rate, but still emphasised the negatives.

    "We do know that a higher dollar does have an impact on farmers and exporters," he said. "I do understand some people will do it really tough as a consequence of a higher dollar."
    Ref: http://www.theaustralian.com.au/business/opinion/dollars-push-to-parity/story-e6frg9p6-1225787722676

    As for the aussie being overbought, its pretty evident to me it is in overbought territory now:

 
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