Aussie Macro Moments: Aussie dollar crushed by nearly four US cents since RBA decision (chart)--just what exporters want

The author has been described by News Ltd as an "iconoclast", "Svengali", a pollie's "economist muse", and "pungently accurate". Fairfax says he is a "Renaissance man" and "one of Australia’s most respected analysts." Stephen Koukoulas concludes that he is "85% right", and "would make a great Opposition leader." Terry McCrann claims the author thinks "‘nuance’ is a trendy village in the south of France", but can be "scintillating" when he thinks "clearly". The ACTU reckons he’s "an enigma wrapped in a Bloomberg terminal, wrapped in some apparently well-honed abs."

Wednesday, August 3, 2011

Aussie dollar crushed by nearly four US cents since RBA decision (chart)--just what exporters want

This is just what the many exporters (Origin Energy, BluScope Steel, PrimeAG etc) sitting on the RBA's Board wanted to see. The Aussie dollar has been crushed by nearly four US cents from its high of just under 1.11 US cents since yesterday's decision to hold...

Hey there...

I first started blogging on ideas relating to economics, finance, investments and housing following an invitation from Business Spectator. Please note that I may have an economic interest in any of the items discussed here. You should also be aware that these are my own personal views and do not represent the opinions of any other individual or institution. This material is not intended to provide, and should not be relied upon for, investment advice or recommendations. Readers are urged to seek professional advice before making any investments. Call 1800 YBR YBR to find a financial planner near you.