Currency Note Worldwide

Stronger Australian dollar has adverse effect on exports

By Ricky Bean March 23rd, 2016

In a rather quiet week leading up to Easter, it was the Australian currency that enjoyed the biggest gains yesterday as its dollar continued to strengthen. Reserve Bank of Australia Governor Stevens spoke early yesterday and was pleased with the way the Australian economy was handling the change in commodity prices. However, it is not necessarily good news for all of the Australian economy as a stronger dollar is making their exports a lot more expensive.

Are you looking to buy or sell currencies? Contact your trader now for live rates, news and currency purchasing strategies.