The Australian Financial Review report the US Treasury expressed concern over the RBA jawboning the Australian dollar
- Concern was expressed back in September of 2015
- during an International Monetary Fund review of the Australian economy
- "The [Office of the US Executive Director at the IMF] expressed concern over the authorities' public statements on the desired direction of the exchange rate," the US Treasury said in a report to Congress.
- "The OUSED urged the authorities to avoid statements that could be perceived as inconsistent with their international commitment to a market-determined exchange rate.
Australian Financial Review article is here for more
(may be gated)
I better stop typing now lest I launch into a rant about pots calling kettles black etc.
