This from Australia’s public broadcaster, the ABC, over the weekend:
Not allowed if you want to read the whole thing, but the part that gets attention is where the writer claims that the Reserve Bank of Australia may intervene to support the AUD if it falls quickly and in a disorderly manner.
I don’t think it’s something that should be on the radar at this point. RBA intervention seems a long way off at the moment, the article quoted InTouch senior FX analyst Sean Callow as saying:
- “That would require very disordered and dysfunctional markets, perhaps on the scale of the global financial crisis (2008).
Westpac’s head of financial markets strategy, Martin Whetton, also sees little likelihood of intervention: