Aust dollar slips in late trade

By AAP

But Westpac senior currency strategist Sean Callow said it was the questions from the parliamentary committee about potential Australian dollar intervention which prompted movement. "Many of us didn't think it was very topical, but apparently it was," Mr Callow said. "But he had plenty of opportunity to repeat some of what he said before, to talk about the risk of a significant fall in the Australian dollar. "And the fact intervention is still an option, so that got a knee-jerk fall in the Australian dollar.

Read more here: Business Spectator

    

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