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aussie dollar

  1. gaweb

    2,154 Posts.

    When the AUD was in that monsterous downtrend from high 60's to mid 40's the RBA executed several interventions which costed the RBA somewhere in the vicinity of $Billions.

    However, the good news for the RBA, is they are replenishing their funds by selling AUD in every rally - meaning if your looking forward to a strong trending AUD, don't, as it will be capped by the RBA until they have completed selling majority of their stake. Plenty of Chinese and European major bank interest for the AUD, which will hold its bullish stance for awhile yet, however.

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