Australia's in a cannon war with a popgun

The Reserve Bank seems to be pinning its hopes on a housing lift to replace the mining boom, while preparing to wield far lower rates as the weapon of choice in a global currency war it can't win.

The currency war will be on in earnest in 2013 as the United States, Europe, Japan and China all step up efforts to get to their exchange rates down. This will have dramatic consequences for Australia and for the Reserve Bank.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

Related Articles