DislikedHere is the link::
http://www.news.com.au/business/stor...14-462,00.html
Mr Stevens was asked at a breakfast function in Perth whether the Reserve Bank had any tools to prevent speculators driving the Australian dollar to $US1.10.
Mr Stevens replied that, rather than speculators, there usually was a rational reason for big exchange rate movements.
“You could do a scenario where the exchange rate goes way up,” he said.
“We’ve got one of the better-performing economies in the world. Even at very low interest rates,...Ignored
http://finance.yahoo.com/q?s=USDAUD=X
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered