wrote an interesting post today on
Here’s a quick excerpt
A growing volume of market sales of Australian dollars by the Reserve Bank of Australia (RBA) suggests the central bank would not be especially keen to see a continuation of the rally that lifted the currency by 20 US cents in the three months to early June.In data released in its monthly bulletin on Thursday, the RBA said it had bought $A1.943 billion of foreign exchange - and sold the same amount of Australia dollars - in net spot foreign exchange transactions in the market in June.The central

Share and Enjoy:

Read the rest of this great post here

This entry was posted on Thursday, July 16th, 2009 at 7:42 am and is filed under Forex Tips.You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.