is spiralling into a new and dangerous phase.a crucial one for the Australian dollar
In this way, a lower Australian dollar makes Australian exporting companies better off. And at the moment, we have a lot of exporting companies. Australia is currently in a big trade surplus with the rest of the world, as the next chart shows.If you work in agriculture or mining, tourism or education, you’re part of that exporting sector, selling goods and services to foreigners.
So a lower dollar creates some winners and some losers but overall it is expected to be helpful for the economy. A dollar in the 60-cent range will provide some cushioning and make it easier for the economy to endure any downturn in global trade.Donald Trump’s trade war with China is a real problem for Australia. Our exports — iron ore and coal and gas, education and tourism, milk and meat — go heavily to China. And a big slice of their exports go to America.
In the end both sides lose — American consumers face higher prices and Chinese companies have to sell at lower prices. The difference all goes to the tariff in the middle.
Due to the fact the keys are about to be passed to incompetent people with crazy policies maybe...
The impact of even only the thought of a labor government......
Just yesterday I bought an item in a well known American store, the label said $149 but it scanned at $169. When I questioned this I was told that the store increased all their products due to the dollar but had forgotten to change the labels...still got the original price.
Currency traders know what’s coming.
The economy is stalling Real estate prices dropping Energy prices are crippling are crippling Wage growth static But don’t the Liberals tell us we have nothing to worry about because they are such good economic managers. 😳 Yeah riiiiiiight.
Another nonsensical article where the very worst thing 'could' happen, but in reality definitely won't even come close to happening at all. Fantastic journalism, once again.
Makes exports cheaper
ScottMorrisonMP the economy is doing well is it?
Geez, that escalated quickly into another Trump bashing article. What a surprise. 👎
My gold is increasing in value though 😁
Another reason to avoid Labor/CFMEU/Greens on Saturday. They haven't a clue when it comes to sustainable economics.