By: Eamonn Sheridan

Glen Steven's said yesterday he thinks the AUD is a bit high and he's surprised it hasn't fallen further with the deteriorating terms of trade. AUD fell a little. Given the view of the RBA is they would like a weaker AUD Steven's comments are not surprising. But, has he done enough? What else can he do? Has he broken the back of the strong AUD? Does he need to do an Abe (not meaning promising to print until the world runs out of ink, but saying something to shock the market into selling the AUD?)