Exchange rate is too high interest rate stability this year

Yesterday, Australia the fed (hereinafter referred to as the "macau fed") announced the latest monetary policy meeting minutes, according to the current exchange rate is still too high, a recent rally against economic growth. In close to the end of the discussion about financial markets, the committee suggested that the Australian interest rate for the rest of this year or remain the same.
After April 1,class 150 lb forging slip on flange nominal pipe size Australia the fed's monetary policy meeting, the meeting decided to keep interest rates at 2.5%, it was the seventh straight keep interest rates at historically low levels.

"Given the current economic outlook, to keep interest rates unchanged over a period of time is still cautious stance. Even if the trend began, the cash rate at current levels is still cautious." Australia said the fed members analysis.
Meeting minutes thinks,material astm a106 round steel pipe although further commodities over the past month, but the Australian dollar exchange rate begins to rise. Although the Australian already from their highs in the past 1 years, helped the balanced economic development, but the Australian dollar exchange rate trend over the past few months the Australia the fed did not meet the expectations.

, JPMorgan chase (JPMorgan) Australia chief economist Stephen walters (StephenWalters), according to the analysis, in fact, Australia the fed meeting minutes did not disclose a lot of new information, the response of stock market and bond market is relatively flat. Even in the currency market as well. Australia mentioned that the Australian dollar is still too high, commodity prices are still falling,carbon steel threaded connections tee and they also just before a continuation of the speech.
Waters, however, pointed out that the fed in Australia to the Australian strong condemn not, there are two ways to explain this phenomenon. 1. Macao fed officials may still comfortable above aud/usd is 0.94, but from its last December on the Australian dollar "high anxious" this description, this odd; 2. The second kind of view may be more persuasive. Australia the fed officials believe the effect of the verbal intervention is very short, even under the current conditions may not be used. Australia the fed might want to fundamentals can give direction to Australian dollar, or is waiting for a better time for verbal intervention.