Reserve Bank of Australia (RBA) offloaded $750 million in the spot foreign exchange (FX) market in March, The Wall Street Journal reports. The data, included in the RBA monthly bulletin, reveals FX transactions against the Australian dollar undertaken by the RBA with authorized FX dealers in Australia or banks overseas.
The central bank also acquired $817.32 million from the government during March 2011. The bank has purchased a net $68 million, including the Reserve Bank’s spot FX market transactions and business it did with the government together.
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