Let the Dollar do the Dirty Work

With expectation our Aussie Dollar could slip by as much as 20% by August this year audible cheers could be heard from our ailing manufacturing, tourism and education sectors of the economy. More important is the effect on banking with its impact on wholesale lending to the big four and subsequently the RBA’s need to act on further interest rate reductions. Got to love a free mechanism in action on a de-regulated currency (Well Swanny may well). The  HIA new house start figures and ongoing reduction in dollar trade figure will be the 2 big debate points before the RBA meeting next week. Big call, but here I go… No move from the RBA next week. (Ed: Bites lip, hail marry). More…


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