The Reserve Bank of Australia (RBA) released a helpful explainer on exchange rates, as part of its fourth-quarter Bulletin (that provides Insights into the economy and financial system from teams throughout the RBA) titled “Understanding Exchange Rates and Why They Are Important”.
In its piece, the RBA reiterates when and how it will intervene in the currency, the AUD.
“The Bank can still intervene in the foreign exchange market if it becomes disorderly or dysfunctional.”
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