00:01
Problem, we looked at the aussie dollar hit by interest rate talk article in which they just talk about the australian dollar falling against the us dollar and it had its lowest value in the past weeks.
00:12
And they also state that the cpa inflation rate was reported as expected, but it was not high enough to justify the expectations for an increase in the interest rate by australia's central bank.
00:26
So we have to answer the question.
00:29
What is australia? australia's exchange rate policy and how to expectations about australian interest rate lower the value of the australian dollar against the us dollar.
00:40
So they have a flexible exchange rate, but they try not to intervene with the exchange rate.
00:49
Flexible exchange rate.
00:57
And then well the expectations were that the interest rate would not rise as much as they were expecting it to.
01:08
Expectations but not rise.
01:27
They basically lowered future expectations of the exchange rate...