RBA Gov Lowe says intervention to lower the AUD would not be successful

Author: Eamonn Sheridan | Category: Central Banks

Reserve Bank of Australia Governor Lowe answering question in parliament on the Australian dollar level

He is having to set the elected representatives straight:
  • would need huge amounts of intervention to push the AUD down
  • doubt we can do that
  • intervention would not be a successful strategy

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There is a time and place for intervention to drive a currency, now is not either. 
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