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The aussie (FXA) is off 0.7% as the RBA raises its view on the economy and the inflation rate,...

The aussie (FXA) is off 0.7% as the RBA raises its view on the economy and the inflation rate, but says the strong currency could be doing more damage than its economic models predicted. The bank notes with puzzlement the aussie's recent rise despite the deteriorating global economic outlook and declines in key commodity prices.
Comments (2)
  • User 509088
    , contributor
    Comments (933) | Send Message
     
    a seeking alpha author broke this a few days ago, pointing to an unexpected jump in the aussie $ and quoting suggestions that china has made a soft landing...

     

    sorry i don't recall the name.
    10 Aug 2012, 08:02 AM Reply Like
  • Lindsay Sharp
    , contributor
    Comments (2) | Send Message
     
    Well done the RBA.

     

    Duh.

     

    Haven't they noticed retail and manufacturing businesses falling over across Australia? Is it because they are ivory tower, arrogant, Canberra silver-tails whose pensions are gold-plated and whose self satisfied 'Great and the Good' attitudes are typical of the BOE in England and the Fed in the USA? The waltzes they play on their
    taxpayer provided violins tinkle prettily over the economic pyre as they prepare for weekenders overlooking the sea in summer at Uladulla or Jervis Bay.

     

    Self-satisfied cronies of the Big End of Town- congratulations on your prescience.
    11 Aug 2012, 10:34 AM Reply Like
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