Dollar intervention costly and risky: RBA

By Colin Brinsden, Aap Economics and Business Correspondent
Updated August 14 2020 - 2:31pm, first published 2:28pm
"Huge amounts of foreign exchange intervention" would be needed to devalue the dollar, the RBA says.
"Huge amounts of foreign exchange intervention" would be needed to devalue the dollar, the RBA says.

The country's central bank chief has warned trying to stimulate the economy by devaluing the Australian dollar would be both costly and risky.

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