Paul Bloxham, Chief Australia and new Zealand Economist at HSBC via Business Insider:
“The floating AUD has long been Australia’s most powerful economic shock absorber, and it deserves a lot of the credit for the long boom,” Bloxham says.
“It’s been a long time coming, but the widening interest rate differential with the US appears to finally be doing what the RBA is likely to have hoped it would do: push the AUD lower.”
