Glenn Stevens may have opened the door on currency intervention, yet many Analysts think it's unlikely that he will intervene

Glenn Stevens may have opened the door on currency intervention, yet many Analysts think it's unlikely that he will intervene. It's still a long way off. I think it is highly unlikely that they will intervene in the currency, but as a central bank, you never want to rule out potential policy tools that you can use, ANZ economist Andrew McManus says. It's not just the level. We've seen the Aussie go from 105 US cents in April down to 92 US cents. So the Aussie is moving in the right way for them. So I don't think they need to intervene as long as it is moving in the right direction for them, Mr McManus said.