AUD rises on RBA comments
http://www.news.com.au/finance/mark...-on-rba-comments/story-fn6t6wad-1226818174858
This recent news (see link) indicates just how sensitive our IRs are. Oz already has pretty much the highest IRs in the western world. Uncle Glenn only has to say he's keeping them on hold and the AUD rises. Imagine what would happen to the AUD if he announced an increase in the cash rate!! Like I said in previous post you can expect (1) a very accomodative attitude towards inflation and (2) a lot of jawboning about rate rises .... before you see any actual IR rise. LL
http://www.news.com.au/finance/mark...-on-rba-comments/story-fn6t6wad-1226818174858
This recent news (see link) indicates just how sensitive our IRs are. Oz already has pretty much the highest IRs in the western world. Uncle Glenn only has to say he's keeping them on hold and the AUD rises. Imagine what would happen to the AUD if he announced an increase in the cash rate!! Like I said in previous post you can expect (1) a very accomodative attitude towards inflation and (2) a lot of jawboning about rate rises .... before you see any actual IR rise. LL