The Reserve Bank of Australia (RBA) is being told by central bankers elsewhere that if the RBA truly wants to dampen the value of the Australian dollar then it should consider heavy intervention measures, according to The Australian Financial Review. Officials from Asia's central banks, and possibly officials from the Reserve Bank of England, European Central Bank and US Federal Reserve are meeting in Sydney this week, hosted by RBA assistant governor Guy Debelle. Some foreign central bank officials are reportedly encouraging the RBA to consider large-scale intervention to drive down the value of the dollar, rather ... (full story)