Australia RBA’s AUD Sales Trend Seen As Passive Intervention

The Reserve Bank of Australia sold A$483 million into the market in October, pushing its reserves up by an equivalent of A$457 million, data showed Thursday, in a continuation of months of using passive intervention to tame the strong Australian dollar. The RBA rarely intervenes directly, but doe…

Read more here: 
Australia RBA’s AUD Sales Trend Seen As Passive Intervention