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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (1010)	3/2/2004 10:36:22 PM
From: gregor_us	Read Replies (2) \| Respond to of 116555

Darfot: When You Say It Would be Pretty Easy for OZ and NZ to cheapen their currencies, acting jointly, by lowering the cash rate, I think you are citing Economic Theory. i think it will be pretty easy for them to cheapen the currency. they will act jointly with the Aussies. basically, all they have to do is lower the cash rate. What examples do you have that either Australia or New Zealand have successfully influenced an exchange rate they don't want--since Free Float--either by lowering or raising rates? Show me how "easy" it was!