Australian dollar trading is set to fall to a six-year low after the Reserve Bank’s announcement on Wednesday that the country’s central bank will no longer be printing cash.

    “The Reserve Bank will no more print money,” the RBA’s governor, Glenn Stevens, said in a speech to parliament.

    “In the past, the Reserve Board and the Reserve banks of Australia have both done so with great success.”

    A decline in the dollar, which is used around the world, has been forecast to be as much as 8.4 per cent this year, and 7.9 per cent next year.

    It would be the lowest since July 2018, when the Australian currency fell to a record low of $US1.2494.

    “We are in uncharted waters,” said Andrew Haldane, senior currency strategist at BNP Paribas.

    “This has happened at the highest level since the financial crisis and we are just now starting to feel the effects of the recession and the low growth.”

    A dollar that loses some of its value may also weaken the dollar’s value in overseas markets.

    The dollar fell sharply after the RBS announcement and has since rebounded.

    US president Donald Trump has been criticised for his “fear mongering” over China’s currency manipulation, and the RBC governor’s comments came as the US Federal Reserve increased its rate hike forecast.

    “Our assessment of China’s manipulation of the currency markets is that the US monetary policy stance is not as hawkish as we might have hoped,” Mr Stevens said.

    “However, we remain hopeful that, with the expected tightening in global demand and with the recent improvement in economic data, the US central bank might reconsider its current policy stance.”


    Sponsored By

    한국 NO.1 온라인카지노 사이트 추천 - 최고카지노.바카라사이트,카지노사이트,우리카지노,메리트카지노,샌즈카지노,솔레어카지노,파라오카지노,예스카지노,코인카지노,007카지노,퍼스트카지노,더나인카지노,바마카지노,포유카지노 및 에비앙카지노은 최고카지노 에서 권장합니다.카지노사이트 - NO.1 바카라 사이트 - [ 신규가입쿠폰 ] - 라이더카지노.우리카지노에서 안전 카지노사이트를 추천드립니다. 최고의 서비스와 함께 안전한 환경에서 게임을 즐기세요.메리트 카지노 더킹카지노 샌즈카지노 예스 카지노 코인카지노 퍼스트카지노 007카지노 파라오카지노등 온라인카지노의 부동의1위 우리계열카지노를 추천해드립니다.바카라 사이트【 우리카지노가입쿠폰 】- 슈터카지노.슈터카지노 에 오신 것을 환영합니다. 100% 안전 검증 온라인 카지노 사이트를 사용하는 것이좋습니다. 우리추천,메리트카지노(더킹카지노),파라오카지노,퍼스트카지노,코인카지노,샌즈카지노(예스카지노),바카라,포커,슬롯머신,블랙잭, 등 설명서.Best Online Casino » Play Online Blackjack, Free Slots, Roulette : Boe Casino.You can play the favorite 21 Casino,1xBet,7Bit Casino and Trada Casino for online casino game here, win real money! When you start playing with boecasino today, online casino games get trading and offers. Visit our website for more information and how to get different cash awards through our online casino platform.2021 베스트 바카라사이트 | 우리카지노계열 - 쿠쿠카지노.2021 년 국내 최고 온라인 카지노사이트.100% 검증된 카지노사이트들만 추천하여 드립니다.온라인카지노,메리트카지노(더킹카지노),파라오카지노,퍼스트카지노,코인카지노,바카라,포커,블랙잭,슬롯머신 등 설명서.