RBA forex holdings grow to help force down value of strong Aussie | The Australian - 1 views
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Katie Edwards on 19 Nov 12The Aussie dollar is very strong, so the Reserve Bank of Australia is trying to gather foreign currency to increase supply, causing the value and demand for Aussie dollar to fall a bit. The RBA doesn't intervene often, but it's necessary now to bring down the strength of the Aussie dollar so that it doesn't continue to lessen the value of exports.