2012-12-13T06:05:00+0000

All|Economic Data|Europe|Regions

Australia|Australian economy

Gerry Davies

10 Comments

  1. great the RBA is being advised to sell by the very same banks that are buying the currency who were last seen buying at 1.0390 so really

  2. Fandabidozi!!

  3. Hi Gerry, do you think it may Happen ? I sold (at a Big loss) my short @1.04 Yesterday…if there is a modest chance the RBA will interveen, I will re enter to try to recoup some of my loss…Thank you

  4. Hi Terry, I’m not an expert on things Australian and the RBA, but my gut feeling is they WON’T intervene anytime soon. If we hear anything we’ll let ya know…….ps sorry about the big loss :(

  5. Thanks Gerry, God Bless You. Today Westpack said possible NZ .8845 AUD 1.08 ahhh.. don’t know who… or what to believe any longer.. tecks arn’t working

  6. well judging by Lowe comments I don’t think they will until 1.10

  7. Despite the fact that I am still a bear… I fail to understand why would other central banks tell RBA to intervene – they were the very same culprit continuously buying AUD and actively devaluing their own currencies with low interest rates or QEs.

  8. Just Spoke with UBS Forex, they said..No way at This level..?? AAAHHHH Going Banannas

  9. cheers Terry

  10. well above 1.0600 is stop loss city to 1.0750 so Westpac is right

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