Hosed – that’s what happened to Aussie dollar bulls last night with the aggressive intervention from RBA Governor Stevens who has reiterated that he wants the AUDUSD back at 85 cents rather than with a 90 cent handle on it. I got blind sided by the big move and have been hosed off myself. Stevens gave a wide ranging interview to the AFR this morning which I covered at Business Insider. The key is he just wants the Aussie lower so he doesn’t have to lower rates and I think he might be worried about a stronger Aussie picking up with global growth next year. Stevens is being super aggressive and interventionist at ... (full story)