The Distillery: Dollar weight watchers

Jotters are happy with the current weight of the dollar while the government's financial inquiry continues to drum up interest.

The local currency was on yet another downward spiral last week as Reserve Bank of Australia governor Glenn Stevens pushed ahead with attempts to talk the dollar down. Previous falls of such magnitude have been quickly followed by a recovery, though several commentators believe the currency may have found its right place and one scribe contends the RBA now has more firepower to keep it there.

Meanwhile, the government’s financial inquiry continues to drum up interest, with commentators continuing to ponder whether the appointment of David Murray was a shrewd one.


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