26-11-2013, 11:13 AM
The FX risk will continue for those with exposure in A$...
Australia's cenbank official expects to see lower A$ in time
Reserve Bank of Australia Deputy Governor Philip Lowe said on Tuesday he expected to see a lower Australian dollar over time and reiterated the central bank would not rule direct intervention in or out.
"We don't rule intervention in or out, that has been a long-standing practice," Mr Lowe told a conference in Sydney, adding the threshold for intervention is high. - Reuters
Source: Business Times Breaking News
Australia's cenbank official expects to see lower A$ in time
Reserve Bank of Australia Deputy Governor Philip Lowe said on Tuesday he expected to see a lower Australian dollar over time and reiterated the central bank would not rule direct intervention in or out.
"We don't rule intervention in or out, that has been a long-standing practice," Mr Lowe told a conference in Sydney, adding the threshold for intervention is high. - Reuters
Source: Business Times Breaking News