If Bank Governor Stevens really wants the Aud to be weaker, he is going to have to surprise us all and reduce the cash rate. It's as simple as that. If they don't reduce the cash rate, then all this talk from the RBA and RBNZ for that matter is just talk and they don't really care. Why? Because if they stick to their cash rate, Aud will surely reach .9750 in a hurry again, no problem. And according to Stevens this rate was not even explainable. So tonight is actually really big for the Fx market…
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