Posted by: crazyNep April 8, 2011
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The Reason Aus$$ is rising , its not just because of USA, & seems like it is going to go higher up,It will have a serious impact on Export as aus$$ rise:
- Unemployment rate in Australia fell to 4.9 percent in March -beating forecasts for 5.0 percent,
- Investors borrowing low-interest Japanese yen and sell them for higher-yielding assets such as the Australian dollar.
- Another reason behind the aussie's rise is the fact that the Australian economy have moving quite well in comparision to other countries
- Turmoil in arab nations such as Libya and uncertainty about the future of nuclear power in Japan has boosted the prospects for Australia's substantial natural-gas reserves
- Recent jobs data supported the Australian central bank's view that the nation's economy will accelerate this year as well.