Reserve Bank of Australia Governor Lowe:

  • We are prepared to intervene in AUD in extreme situation, but have to be extreme
  • Not prepared to intervene at the moment

To paraphrase a former Australian PM ... Lowe attacking currency speculators is like being whipped with a damp lettuce leaf.

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We've had plenty from Lowe today, he is about to wrap it up (finishes 0230GMT).