Begining from 12 August 2009, the Aussie has gain a seriously bullish momentum against the greenback, from 0.8220, the Aussie climbbed to 0.8472 before it starts to bear on 14 August 2009. Amids from it bullish scenario, it is a question mark for the currency for not in paralled with the gold price, and we all may assume it the Aussie was under speculation infuence.
So when it come to the RBA (Reserve Bank Australia), they want to handle the economic global recession rebound in the manner of fully prepared, that is by raising its benchmark interest rate. Currently the rate set at 3%, compares with other major economic leader such as United States at 0.25% and Japan at 0.1%.
Australian economic grew by 0.4% in the first quarter. So, if RBA wish to increase its benchmark interest rate, how high will the rate be?
No comments:
Post a Comment