Counting the RBA’s Australian dollar damage

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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:

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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.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.