Will the RBA get its way on the Aussie in 2014?

After months of prodding, financial markets have finally started to take heed of the central bank's warnings on the unreasonably high currency.

The Reserve Bank of Australia has ramped up the currency rhetoric in recent weeks, aggressively talking the Aussie dollar down. Earlier in 2013 the bank was dancing around the issue and preferred to refer to the fact that our terms of trade had peaked; this then moved to comments about an “uncomfortably high” Aussie dollar and talk of intervention. On Dec 13 – for the first time – there was a mention of a US85 cent level from Governor Glenn Stevens.

The central bank's timing could be perfect and the market may just help to deliver the RBA what it wants in 2014.

Australia on shaky ground

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

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

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

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

Please untick this box when using a public or shared device


Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles