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Why is the Australian Dollar crashing if...
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Why is the Australian Dollar crashing if aussie's exports are not based on oil like Canada for example?
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>>1053212
Oil isn't the only commodity in the shitter, OP. What does Australia export?
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>>1053216
food
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File: OzzyExports.png (68 KB, 960x591) Image search: [iqdb] [SauceNao] [Google]
OzzyExports.png
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>>1053375
Top Australian exports (see pic)
>Iron Ore
>Coal
>Education Travel Services (lolwut)
>Gas

The majority of these have plummeted in value on global markets.

Less demand for these goods, which must be purchased in Australian dollars, results in less demand for the dingobucks. We know coal, iron ore and gas have been plummeting.
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Weakening against USD? Maybe it's just the USD getting stronger?
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>>1053548
I'm >>1053216 and>>1053380 and please just accept that less demand for Australian exports weakens the Aus$ against a basket of currencies.

Of course, currencies like the Ruble have suffered more due to even worse exports .
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>>1053380

Why doesn't that chart include real estate (ie. money laundering facilities) as an export?
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>>1053212
It 'should' hover around the 70c mark

Sadly I didn't buy enough when it was $1.10, nor did I sell when it was @ 55c
>>
Your economy is linked to China's, basically. They buy the majority of your mining exports.
Thread replies: 9
Thread images: 2
Thread DB ID: 453476



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