Buy custom Exchange Rate Movements
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| Topic: |
Business
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| Number of pages / Number of words: |
9 / 2373 |
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This therefore means Australian dollars are needed to buy our exports, thus increasing demand for the AUD.
International Monetary Fund Website, Why is China growing so Fast? 1997, Zuliu Hu, http://www.imf.org/external/pubs/ft/issues8/ , accessed 01/01/08
Figure 1.3 below shows a graphical representation of the AUD strengthening due to an increase in demand...
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P1 displays a higher price as demand increases for the AUD.
FIGURE 1.3
Around the 25th to 30th of July, the Aussie dollar weakened quite dramatically against the USD which is evident in Figure 1.1 next to box 3.
At the start of the month the Reserve Bank of Australia decided to leave the cash rate at 6...
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