With the RBA set upon a bubble management and hollowing out strategy for lower interest rates, let’s check in on how we’re faring against our major competitors.
First, the developed economies:
AUD/USD is black, AUD/JPY is green, AUD/EUR is blue and AUD/GBP is brown. All told at least it’s not gotten worse over the past year as QE pours forth. It’s too early to say whether yesterday’s hold has altered the trend on anything. Probably not.