Sell @ 1.0735; TP 1.025 SL 1.08. The value of the Australian dollar remains as divisive as ever following the Reserve Bank of Australia's latest rate cut as experts argue that it is not over-valued, but its propensity for rallying means the RBA must be vigilant.
The Australian dollar was fetching US76.57¢ on Tuesday morning. Australian interest rates are at a record low 1.5 per cent and commodity prices are stable, if not rallying.
The Australian dollar was fetching US76.57¢ on Tuesday morning. Australian interest rates are at a record low 1.5 per cent and commodity prices are stable, if not rallying.