Thank you mr stephens, page-47

sg, I'll say it again.

What have all the recent interest rate drops done to the AUD?

Nothing, zip, zilch, nadah, zero, sfa.........in fact our dollar has risen despite rate cuts !!!

So why on earth expect a drop in the AUD should he cut rates further. Come on everyone, be realistic.

And imagine what would happen to property values with lower rates. So get off the rate-cut-solves-all-our-problems scenario.

Rates will go down when Stevens is forced to, not by choice and certainly not to lower the AUD.