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 Aud Review

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Join date : 2012-01-25

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PostSubject: Aud Review   Aud Review Icon_minitimeFri Aug 17, 2012 11:33 am

Aud Review


Quotes from RBC Capital Markets:
AUD: In its latest Economic Roundup, released overnight, the Treasury comprehensively rejected the idea of intervening to weaken AUD, but went on to say "If the high exchange rate is judged to be inconsistent with keeping the economy close to non-inflationary full employment, we could expect that monetary policy would be eased in response, putting downward pressure on the Australian dollar."
-While this statement stops short of putting pressure on the central bank to cut rates, it chimes with an increasingly widespread view that the overvaluation of AUD is more of a policy concern than it has been in the past.


More FOREX-news on pages InstaForex.Com


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