Australian Central Bank last night expanded the liquidity assistance it provides commercial banks in its daily money market operations. The Reserve Bank of Australia (RBA) said it would ease restrictions on the types of residential mortgage back securities (RMBS) it will accept as collateral for loans. It will also offer 6- and 12-month repurchase agreements each day in its operations, essentially lending for longer periods.
The Australian Dollar again came under selling pressure across the board and is down 3% against most currency crosses today. Seams like we are shooting the messenger as the Australian Central bank seams to be acting responsibly compared to the ECB and the Bank of England.
Pounds to Australian Dollars exchange rate currently 2.5600
The Australian Dollar again came under selling pressure across the board and is down 3% against most currency crosses today. Seams like we are shooting the messenger as the Australian Central bank seams to be acting responsibly compared to the ECB and the Bank of England.
Pounds to Australian Dollars exchange rate currently 2.5600
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