Aussies buy their own currency
October 27, 2008 at 09:40 AM EDT
[Skip to the end] “Australia’s central bank has intervened to support the tumbling Australian dollar, but failed to prevent its slide to five-year lows against the U.S. currency and its deepest-ever trough against the yen. “ This intervention has two purposes. One is to keep the decline orderly, the other is anti-inflationary, as the apparent collapse [...]