14 September 2011 09:53
The argument for the RBA not selling the AUD seems to be that a high currency is helping keep inflation in check. This is true, but as we are observing almost daily, the cost is higher unemployment. I am not sure that is a trade-off worth making.
Matt Drennan is executive general manager investments, at Zurich Financial Services.
AUD, Australian dollar, boom, currency, Fair Work Act, Government, impact, inflation, patchwork economy, pressure, productivity, rate, RBA, Reserve Bank of Australia, resources, restructure, retail, sovereign wealth funds, steel, SWFs, two speed economy, unemployment
AustralianSuper’s decision to tip $500 million into an Indian government infrastructure fund comes amid increased belligerence from China and represents an escalation in the super fund diplomacy that the Albanese Government has used to deepen economic and political ties with key allies, writes Lachlan Maddock.
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