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Message subject : RBA seems to think that raising
This message was posted by bob37 on April 08, 2000 :
What a mess....the RBA seems to think that raising rates will make the $A rise. But history is full of examples where rates have risen by huge amounts and currency still falls.
I think this rise is a *big mistake and will just widen the gap of prosperity between Australia and the US a bit more.
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