What a funny!
Foreign currency exchange rate is decided by few bears,especially greedy and powerfull shorters and bulls or by the charts.
In my opinion,if RBA does not increase cash interest rate from 1.5% to 1.75%, huge amounts of funds maybe rush out to USA from Australia.
Companies including banks have USD debts maybe suffer by low AUD/USD exchange rate to pay interests and principals.
And low income families will suffer by increasing prices of imported goods.
