Hi all,
Just in case some Australian dollar traders were not aware, the last time the AUD/USD plummeted like this was in Aug 2007. The Rerserve Bank of Australia acts in order to keep the financial markets orderly.
In Aug 07 when the AUD/USD fell from 0.88 down to 0.76 / 0.77 area the RBA intervened. I wouldn't be surprised if more of the same occurred again if this fall continues. There is plenty of info re this on the RBA website.
Just a quick reminder for those shorting.
Just in case some Australian dollar traders were not aware, the last time the AUD/USD plummeted like this was in Aug 2007. The Rerserve Bank of Australia acts in order to keep the financial markets orderly.
In Aug 07 when the AUD/USD fell from 0.88 down to 0.76 / 0.77 area the RBA intervened. I wouldn't be surprised if more of the same occurred again if this fall continues. There is plenty of info re this on the RBA website.
Just a quick reminder for those shorting.