The Traderszone Network

Published in TZ Latest News 10 August, 2017 by The TZ Newswire Staff

RBA’s Lowe: We are prepared to intervene in AUD, not at the moment

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.