It was a dismal day for the Australian economy yesterday as the Australian dollar fell most other major currencies. Inflation data fell 0.2% below expectation, and investors will have an eye on the release of their import prices this morning. Environmental factors could have a significant effect Australia’s prosperity in the near future, as the country is preparing for the worst El Nino in 18 years. It is believed that the dry weather could slow Australia to its slowest growth in 24 years.
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