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The governor of the Reserve Bank of Australia Glen Steven has hinted that intervening in currency markets to force the value of the Australian dollar down isn't out of the question. He was speaking overnight to mark the 30th anniversary of the floating of the dollar.
“The position has long been a remains1. That intervetion can, in the right cricumstances, suitably used, be effective and useful. It can make up our policy weaknesses. In other areas, and it can really stand against fundementals.”
The Australian dollar took a further hit overnight as Genaity Yellen moves closer to become the next head of the US Federal Reserve. Her nomination2 has been approved by a US senate banking3 committee and is now likely to be approved by the full senate. Ms Yellen is expected to replace imcumbent Ben Bernaky in January and keep easy money true policy in place.
The Australian dollar is continuing to fall and a short time ago, it was buying 92.36 actually, ticking a little higher. The Austalian share market has jumped in early trade after a milestone4 session on Wall Street. The All Ordinaries index snapping four days of losses there. The ASX and the All Ords are up almost one percent. A rebound5 on Wall Street let the Dow Jones close at 16,000 for the first time after economic data pointed6 to a slowly improving labor7 market and subdued8 inflation.
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1 remains | |
n.剩余物,残留物;遗体,遗迹 | |
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2 nomination | |
n.提名,任命,提名权 | |
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3 banking | |
n.银行业,银行学,金融业 | |
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4 milestone | |
n.里程碑;划时代的事件 | |
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5 rebound | |
v.弹回;n.弹回,跳回 | |
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6 pointed | |
adj.尖的,直截了当的 | |
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7 labor | |
n.劳动,努力,工作,劳工;分娩;vi.劳动,努力,苦干;vt.详细分析;麻烦 | |
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8 subdued | |
adj. 屈服的,柔和的,减弱的 动词subdue的过去式和过去分词 | |
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