commodity prices: A combination of a strengthening US dollar, falling commodity prices, and lower interest rates have driven the commodity-linked currency to levels unseen since the global financial crisis. , according to BBC. For Australian travellers, for example, the steep slide in the currency is leaving a bigger than expected dent in their wallets. Overseas travel hit Hitting as high as $1.05 against the US dollar just over two years ago, the currency has fallen by more than 25% since then to around 78 US cents. And while a weaker Aussie is a boon for Australia exporters and will in turn boost the country flagging economic growth, it really depends on which side of the coin you are that determines whether you get to reap its benefits.
(news.financializer.com). As
reported in the news.
Tagged under interest rates, currency topics.