this was always the risk of the RBA doing what it has done. They put rates lower than they otherwise would have in a attempt to target the AUD; a stupid thing to do imo.
They have risked a bubble to placate a few loudmouths.
The currency markets have many different drivers and at this stage the main driver is the USD & US Fed Reserve - just ask Brazil and India.
this was always the risk of the RBA doing what it has done. They...
-
- There are more pages in this discussion • 43 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)