The Australian Treasury rejects - for now - calls to step in to lower the value of the aussie....

|By:, SA News Editor

The Australian Treasury rejects - for now - calls to step in to lower the value of the aussie. "Rather than helping the economy, the available options are likely to be either ineffective or result in greater macroeconomic instability." Did a government organ just say such heresy? The aussie, nevertheless, is tumbling on this otherwise quiet day, -0.7% to $1.0440.