For the first time in years Glenn Stevens probably won’t be...

For the first time in years Glenn Stevens probably won’t be asking for a weaker Australian dollar for Christmas.
With the Federal Open Market Committee raising interest rates last week for the first time in almost a decade, the Reserve Bank of Australia Governor is getting the help he needs in holding down the Aussie. It traded at 71.41 U.S. cents as of 5 p.m. on Friday in Sydney, set for its biggest two-week drop since September. In contrast to years gone by, Stevens this month declined to nominate a preferred level for the currency in a media interview before the holiday break.

http://www.bloomberg.com/news/artic...-christmas-wish-as-westpac-sees-jawboning-end