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…

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s