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
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