Apr 23, 2014

Australia is swaggering, unarmed, in the global currency war

The Australian dollar isn't losing against commodity competitors but manufacturing and service economies. So how long will it last and can anything be done about it?

The Reserve Bank of Australia appears to have rolled out board member John Edwards to counter yesterday’s government leak that it was annoyed that the bank had allowed the dollar to rise beyond forecasts. From The Australian Financial Review:

… Dr Edwards said Australia was in the grip of a ‘bountiful’ mining and energy export-driven revenue surge …

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