dolc, "Yes but a strong currency is an enemy of exports"
So say Japanese devalues into anarchy, will they buy our exports? If China slides economically will they still buy the same quantity as now?
Why should we follow the pack when we have 3% interest rates up our sleeve and an ability to fund a much larger deficit than we have now.
Attacking the AUD now is both short sighted, unnecessary and dangerous. Business is adapting to a higher AUD. And so they should, the $ been over 95 cents for quite a while.
