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RBA’s Lowe: Intervention would not be a successful strategy

Reserve Bank of Australia (RBA) Governor Phillip Lowe said that intervention to lower the AUD exchange rate would not be a successful strategy.

He added that it would need huge amounts of intervention to push the A$ down, doubt we can do that.

Lowe continues to testify before the House of Representatives' Standing Committee on Economics.

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Dhwani Mehta

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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