Wednesday, June 22, 2011

RBA signal no rate rise. Foreign central banks buying Aud

Snapshot summary :
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. RBA, Australian central bank changes tune
. On interest hike
. After news of other central banks buying Aussie
. Diversifying out of US$
. To avoid double boosting the currency, Aussie dollar
. Other Central banks buying & funds attracted by higher interest rate
. Will send Aussie sky rocketing.
. Probably will raise bank capital reserve ratio

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