Reserve Bank risks a ‘Soros attack’ | The Australian

 

Reserve Bank risks a ‘Soros attack’ | The Australian

Warrick Mc Kibbin comments on the RBA’s decision to allow it’s foreign currency stocks to grow, creating  speculation that it could try to lower the $A.

He warns on the danger of doing so, quoting the experience of the Bank of England in 1992 when George Soros forced them to devalue the British pound.



Categories: Trading opinion

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