Australian Treasurer Concerned Aussie Spiked Before RBA Rate Announcement
From bloomberg.com
Australia’s Treasurer Joe Hockey called the central bank governor to express concern about a sudden jump in the nation’s currency before Tuesday’s interest-rate decision, a move that’s being investigated by the securities regulator. Hockey said Glenn Stevens told him that the Australian Securities and Investments Commission had been informed and is looking into it. “Obviously I was, like he was, concerned about reports that there have been extraordinary trades before the release of the Reserve Bank decision yesterday,” Hockey said at a press conference Wednesday in Canberra. “I’m satisfied that that investigation ...
(full story)