Monday 27 October 2008

Australian Central Banks Intervenes for AUD

Reserve Bank of Australia intervened for the second day on Monday to prop up the Australian Dollar which is currently floating at the multi-year low levels. The central bank bought back the Dollar but the amount is unknown.
The measures have not had significant effect on the market, compared to Euro, as can be seen in the chart below.



Dollar is still at the lowest levels compared to Euro.



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