Aussie meets QE

The Reserve Bank of Australia starts QE for the first time in history 

I suggested at the end of February that the Aussie should be falling faster after the AUD/USD bears broke out the support at 0.657-0.6575, but I didn’t think it would be so fast. Aussie is down versus the US dollar to the lowest levels since 2002, having lost about 18% of its value, and it featured the worst drop since the world economic crisis of 2008 in the week ended March 20. Australia averted the 2008 crisis through joined efforts Australia’s government and central bank. Now, Australia is about to slide into…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>