....sometimes like when the dim witted head of the RBA goes and talks to the bunch of Philistines at the National Press Club, you know, the Aussie version of the FNS, and then takes questions from them, gives them an answer that they then interpret anyway they want based on their infinite wisdom of how the economy works, thats how you get volatility in the Aussie Dollar....peasants!!
What Causes Volatility In The Australian Dollar?
Dating back to its official inception in the early 20th century, the Commonwealth of Australia has employed several different forms of currency. During the early years of the commonwealth, Australia saw fit to adopt a monetary system based upon that of Great Britain. Australian pounds, shillings and pence were used to facilitate trade, much as they were being used in Britain. However, in the mid-1960s, Australia made the transition to a decimal-based monetary system and eventually settled with the creation of the Australian dollar, which you can learn more about here. FUNDAMENTALS The Australian economy is ranked ... (full story)