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The Australian Dollar
Beginning of essay
Since hitting a low of $US0.5530 on 28 August, the AUD has recovered by over 17% to a high of $US0.6480 on 19 November. Several factors have been at work to boost the A$ against the $US over this time.
· The RBA supported the A$ in late August-early September, as documented in the Semi-annual State ....
Middle of essay
....ty dependant economies, and hence the term "commodity currency" for the A$,. Recent data confirms that primary products account for around half of total exports of goods and services, with total manufactures at 25%, and services accounting for around 23%.
There is considerable uncertainty over commodity prices. Prices for many commodities are at their lowest levels for several years. While there is considerable anticipation in some markets for price improvements for individual commodities, the.... |
| Number of words: 615 |
Approximate pages: 3 |
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