Business
Will the RBA crush QE short-sellers? – The Australian Financial Review
Stealthy bank short-sellers are attempting to unwind Martin Place’s efforts by forcing up interest rates on some government bonds. They do so at their peril, writes…
Another nuance is that investors started pricing in QE when the RBA’s deputy governor Guy Debelle and governor Philip Lowe began signalling its arrival. Examining Australias exchange rate in trade-weighted terms, which is more important than its value relative to the US dollar, it has depreciated from 61.9 points prior to Debelles first September speech on the subject, to 59.30 points on the day the RBA announced QE (sitting at 60.80 points right now).
The same observation applies to Australias…
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