Normal
From Todays OZLooks like mr Lowe has conceded that the market always wins in the end.The overnight market reaction to yesterdays non announcement from the RBA was to dump the AUD, because they saw the RBA response as 'too dovish".Maybe that was Lowes idea all along. keep the AUD down, keep the Oz exports attractive to other countries, and import some more imflation so as to make the value of debt decrease.Mick
From Todays OZ
Looks like mr Lowe has conceded that the market always wins in the end.
The overnight market reaction to yesterdays non announcement from the RBA was to dump the AUD, because they saw the RBA response as 'too dovish".
Maybe that was Lowes idea all along. keep the AUD down, keep the Oz exports attractive to other countries, and import some more imflation so as to make the value of debt decrease.
Mick
Hello and welcome to Aussie Stock Forums!
To gain full access you must register. Registration is free and takes only a few seconds to complete.
Already a member? Log in here.
