Disliked{quote} What does that article mean? That RBA can buy the U.S. dollar using Aussie dollar & so this will lower the Aussie dollar?Ignored
selling AUD and buy USD
but RBA has make it clear that they dont want to do this.
- #89,605
- Mar 12, 2015 2:32am Mar 12, 2015 2:32am
- | Membership Revoked | Joined May 2008 | 3,395 Posts
{image}
The Market pays you to be disciplined
- #89,607
- Mar 12, 2015 3:32am Mar 12, 2015 3:32am
- Joined Jul 2011 | Status: Gold Again | 10,567 Posts
{quote} What does that article mean? That RBA can buy the U.S. dollar using Aussie dollar & so this will lower the Aussie dollar?
Imagine if they sold Billions at 0.80, they have warehouse full of US $ which are getting stronger
Now the AUD is at 0.70, they can start to buy back and they will get a lot more of them, right?
They can pay back whatever and still have surplus, that's my layman explanation
It takes a lot for me to IGNORE you, but you can try.
- #89,608
- Mar 12, 2015 3:33am Mar 12, 2015 3:33am
- | Joined Oct 2012 | Status: sutatS | 3,461 Posts
{quote} Same as us but on a grand scale + they can print AUD Imagine if they sold Billions at 0.80, they have warehouse full of US $ which are getting stronger Now the AUD is at 0.70, they can start to buy back and they will get a lot more of them, right? They can pay back whatever and still have surplus, that's my layman explanation
{quote} Same as us but on a grand scale + they can print AUD Imagine if they sold Billions at 0.80, they have warehouse full of US $ which are getting stronger Now the AUD is at 0.70, they can start to buy back and they will get a lot more of them, right? They can pay back whatever and still have surplus, that's my layman explanation
- #89,612
- Mar 12, 2015 7:12am Mar 12, 2015 7:12am
- | Membership Revoked | Joined May 2008 | 3,395 Posts
The Market pays you to be disciplined
- #89,617
- Mar 12, 2015 7:22am Mar 12, 2015 7:22am
- | Membership Revoked | Joined May 2008 | 3,395 Posts
The Market pays you to be disciplined
