If Aussie interest rates are headed lower, you’d expect an end to the brief but respectable recent rally of the Aussie dollar. A weaker Aussie dollar wouldn’t be that unwelcome to exporters, especially if it meant that the decline in the nation’s economic fortunes could be reversed. But frankly, what happens to Australia’s economy at this point is beyond the control of the government and the Reserve Bank…
January 6th, 2009 | Dan Denning | 13 comments | Continued
